QUARTERLY STATISTICAL & ECONOMIC REPORT, Executive …

QUARTERLY STATISTICAL &

ECONOMIC REPORT, Executive Summary 2nd Quarter 2021

TABLE of CONTENTS, Exec Summary Part I. Economic Trends and Outlook

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4 5

6 7

State of the Economy (revised) 2021 Quarterly Economic Indicators:

Table 1. State Outlook of the Economy Actual & Forecast Key Economic Indicators for Hawaii: 2019-2024 County Economic Conditions 2021 Quarterly Economic Indicators:

Table 2. City & County of Honolulu 8 Table 3. Hawaii County 9 Table 4. Maui County 10 Table 5. Kauai County 11

Part II. Economic Overview and Data A. Labor Force and Jobs 12

A-6. Non-Ag Wage and Salary Jobs 13 B. Income and Prices 14

B-4. Personal Income by Major Sources 15 B-14. Honolulu and U.S. CPI-U 16

C. Tax Revenues 18 C-1. General Fund Tax Rev. & Major Comp. 19

D. Tourism 21 D-1. Visitor Arrivals & Aver. Daily Visitor Census- By Air 22 D-15. Hotel Occupancy Rate 24

E. Construction 25 E-1. Estim. Value of Completed Construction, New Priv. Bldg Auth & Gov't Contracts Awarded 26

F. Other Indicators 28

QSER 2021 Q2 Exeecutive Summary Page 1 of 28 http://dbedt.hawaii.gov/economic/qser/

http://dbedt.hawaii.gov/economic/qser/

This Quarterly Statistical and Economic Report has been prepared by Mary Blewitt, Binsheng Li, and Paul Oshiro with assistance from other staff of the Research and Economic Analysis Division of the State Department of Business, Economic Development & Tourism (DBEDT). The report provides concise statistical information and analyses on Labor, Income and Prices, Taxes, Tourism, Construction, and other indicators, as well as an overview of the State of Hawaii and the four counties. Technical notes and source descriptions have been kept to a minimum. However, the staff of the Research and Economic Analysis Division would be happy to respond to any inquiries of a technical nature that readers may have (586-2466). The quarterly information contained in this report reflects data received by the Research Division on or before May 24, 2021. On-line availability of Quarterly Statistical and Economic Report Since 1988, the Hawaii Department of Business, Economic Development & Tourism has had the State of Hawaii Data Book available on-line to anyone with a personal computer and a modem. Since 1997, the Quarterly Statistical and Economic Report, State of Hawaii Data Book and other DBEDT publications and information have been made available via the Internet at http://dbedt.hawaii.gov/economic/. Printing of the QSER was discontinued in March 2000. The full version and a QSER Executive Summary will be available on-line at http://dbedt.hawaii.gov/economic/qser/. For further information about available data and sources, users should call the Research and Economic Analysis Division at (808) 586-2466. This report has been catalogued as follows: Hawaii. Dept. of Business, Economic Development and Tourism. Research and Economic Analysis Division. Quarterly statistical and economic report-State of Hawaii. Honolulu: 1975- Quarterly. Hawaii-Statistics. HA4007.H359


http://dbedt.hawaii.gov/economic/



STATE OF THE ECONOMY Hawaii’s major economic indicators were mainly

negative in the first quarter of 2021. Visitor arrivals, wage and salary jobs, State general fund tax revenues, and government contracts awarded all decreased in the quarter compared to the first quarter of 2020. Only private building authorizations increased in the quarter.

In the first quarter of 2021, the total number of visitors arriving by air to Hawaii decreased 1,248,651 or 59.6 percent. Due to longer lengths of stay, the daily visitor census decreased 51.6 percent in the quarter.

In the first quarter of 2021, jobs in the construction sector decreased 0.3 percent or 100 jobs compared with the same quarter of 2020. The government contracts awarded totaled $193.5 million in the first quarter of 2021. In the first quarter of 2021, the permit value for private construction increased $17.9 million or 2.3 percent compared with the same quarter of 2020. According to the most recent excise tax base data available, current construction put-in-place increased $13.5 million or 0.6 percent in the fourth quarter of 2020, compared with the same quarter of the previous year.

In the first quarter of 2021, State general fund tax revenues were down $192.0 million or 10.7 percent over the same period of 2020. The net individual income tax revenues increased $97.4 million or 17.4 percent, the state general excise tax revenue decreased $177.8 million or 18.3 percent, and the transient accommodations tax (TAT) decreased $136.8 million or 69.4 percent. In 2020, State general fund tax revenues decreased $901.5 million or 12.3 percent, and state general excise tax revenue decreased $563.4 million or 15.6 percent, compared to the previous year.

Labor market conditions were all negative. In the first quarter of 2021, Hawaii’s non-agricultural wage and salary jobs averaged 547,000 jobs, a decrease of 113,300 jobs or 17.2 percent from the same quarter of 2020.

In this quarter, the private sector lost about 101,800 non-agricultural jobs compared to the first quarter of 2020. All private sectors lost jobs in the quarter. Jobs decreased the most in Accommodation, which lost 22,300 jobs or 51.3 percent; followed by Food Services and Drinking Places, which lost 20,800 jobs or 30.0 percent, Retail Trade, which lost 11,600 jobs or 16.4 percent, Transportation, Warehousing & Utilities, which lost 10,800 jobs or 29.6 percent, Professional & Business Services, which lost 7,400 jobs or 9.9 percent, Other Services, which lost 6,600 jobs or 23.5 percent, and Arts,

Entertainment & Recreation, which lost 6,000 jobs or 44.4 percent in the quarter. The Government sector lost 11,500 jobs or 8.9 percent in the first quarter of 2021 compared to the same quarter of 2020. The Federal Government lost 1,200 jobs or 3.4 percent, the State Government lost 10,000 jobs or 13.4 percent, and the Local Government lost 200 jobs or 1.1 percent, compared to the first quarter of 2020.

In the fourth quarter of 2020, total annualized nominal GDP decreased $6,235 million or 6.4 percent, from the fourth quarter of 2019. In 2020, total annualized nominal GDP decreased $5,888 million or 6.1 percent from the same period of the previous year. In the fourth quarter of 2020, total annualized real GDP (in chained 2012 dollars) decreased $6,934 million or 8.4 percent from the fourth quarter of 2019. In 2020, total annualized real GDP decreased $6,609 million or 8.0 percent from the previous year.

Turning to personal income, in the fourth quarter of 2020, total non-farm private sector annualized earnings decreased $4,814.0 million or 11.7 percent from the fourth quarter of 2019. In dollar terms, the largest decrease occurred in accommodation and food services; followed by transportation and warehousing, retail trade, arts, entertainment, and recreation, administration and management services, and other services. Increases were seen in construction and health care and social assistance, During the fourth quarter of 2020, total government earnings decreased $381.5 million or 2.3 percent from the same quarter of 2019. Earnings from the federal government increased $164.1 million or 1.8 percent. Earnings from the state and local governments decreased $545.5 million or 7.3 percent in the quarter.

In the second half of 2020, Honolulu’s Consumer Price Index for Urban Consumers (CPI-U) increased 1.6 percent from the same period in 2020. This is 0.4 of a percentage point above the U.S. average CPI-U and is higher than the second half of 2020 Honolulu CPI-U increase of 1.3 percent from the same period of the previous year. In the second half of 2020, the Honolulu CPI-U increased the most in Food and Beverages (6.9 percent), followed by Recreation (4.5 percent), Education and Communication (4.2 percent), and Housing (1.4 percent). The price of Apparel decreased 7.1 percent; the price of Transportation decreased 5.2 percent, and the price of Other Goods and Services decreased 1.8 percent compared to the second half of 2020.



Table 1. 2021 QUARTERLY ECONOMIC INDICATORS: STATE OF HAWAII

1st QUARTER YEAR-TO-DATE % CHANGE % CHANGE

SERIES 2020 2021 YEAR AGO 2020 2021 YEAR AGO

Civilian labor force, NSA (persons) 1/ 674,700 655,300 -2.9 674,700 655,300 -2.9 Civilian employed, NSA 661,450 596,200 -9.9 661,450 596,200 -9.9 Civilian unemployed, NSA 13,250 59,150 346.4 13,250 59,150 346.4 Unemployment rate, NSA (%) 1/ 2/ 2.0 9.0 7.0 2.0 9.0 7.0

Total wage and salary jobs, NSA 665,300 (NA) (NA) 665,300 (NA) (NA) Total non-agric. wage & salary jobs 660,300 547,000 -17.2 660,300 547,000 -17.2 Nat. Resources, Mining, Constr. 36,600 36,500 -0.3 36,600 36,500 -0.3 Manufacturing 13,700 11,200 -18.2 13,700 11,200 -18.2 Wholesale Trade 18,000 16,700 -7.2 18,000 16,700 -7.2 Retail Trade 70,700 59,100 -16.4 70,700 59,100 -16.4 Transp., Warehousing, Util. 36,500 25,700 -29.6 36,500 25,700 -29.6 Information 8,800 6,500 -26.1 8,800 6,500 -26.1 Financial Activities 29,800 26,600 -10.7 29,800 26,600 -10.7 Professional & Business Services 74,600 67,200 -9.9 74,600 67,200 -9.9 Educational Services 14,400 11,700 -18.8 14,400 11,700 -18.8 Health Care & Social Assistance 73,800 69,900 -5.3 73,800 69,900 -5.3 Arts, Entertainment & Recreation 13,500 7,500 -44.4 13,500 7,500 -44.4 Accommodation 43,500 21,200 -51.3 43,500 21,200 -51.3 Food Services & Drinking Places 69,400 48,600 -30.0 69,400 48,600 -30.0 Other Services 28,100 21,500 -23.5 28,100 21,500 -23.5 Government 128,700 117,200 -8.9 128,700 117,200 -8.9 Federal 34,900 33,700 -3.4 34,900 33,700 -3.4 State 74,900 64,900 -13.4 74,900 64,900 -13.4 Local 18,800 18,600 -1.1 18,800 18,600 -1.1 Agriculture wage and salary jobs 5,000 (NA) (NA) 5,000 (NA) (NA)

State general fund revenues ($1,000) 1,791,047 1,599,011 -10.7 1,791,047 1,599,011 -10.7 General excise and use tax revenues 971,273 793,430 -18.3 971,273 793,430 -18.3 Income-individual 560,056 657,418 17.4 560,056 657,418 17.4 Declaration estimated taxes 200,257 214,006 6.9 200,257 214,006 6.9 Payment with returns 41,907 61,324 46.3 41,907 61,324 46.3 Withholding tax on wages 571,532 562,169 -1.6 571,532 562,169 -1.6 Refunds ('-' indicates relative to State) -253,639 -180,081 -29.0 -253,639 -180,081 -29.0 Transient accommodations tax 197,145 60,366 -69.4 197,145 60,366 -69.4 Honolulu County Surcharge 3/ 90,433 80,297 -11.2 90,433 80,297 -11.2

Private Building Permits ($1,000) 784,793 802,667 2.3 784,793 802,667 2.3 Residential 228,653 305,358 33.5 228,653 305,358 33.5 Commercial & industrial 120,465 116,911 -2.9 120,465 116,911 -2.9 Additions & alterations 435,676 380,398 -12.7 435,676 380,398 -12.7

Visitor Days - by air 19,422,405 9,306,233 -52.1 19,422,405 9,306,233 -52.1 Domestic visitor days - by air 14,366,974 9,127,368 -36.5 14,366,974 9,127,368 -36.5 International visitor days - by air 5,055,431 178,865 -96.5 5,055,431 178,865 -96.5 Visitor arrivals by air - by air 2,095,695 847,044 -59.6 2,095,695 847,044 -59.6 Domestic flight visitors - by air 1,483,416 839,457 -43.4 1,483,416 839,457 -43.4 International flight visitors - by air 612,279 7,587 -98.8 612,279 7,587 -98.8 Visitor expend. - arrivals by air ($1,000) 3,879,416 (NA) (NA) 3,879,416 (NA) (NA) Hotel occupancy rates (%) 2/ 70.4 32.4 -38.0 70.4 32.4 -38.0

NA Not available. 1/ Labor force and jobs are Hawaii DLIR monthly and annual data. Quarterly averages computed by the Hawaii DBEDT. 2/ Change represents absolute change in rates rather than percentage change in rates. 3/ 0.5% added to the general excise tax to pay for O‘ahu‘s mass transit system and took effect January 1, 2007. Includes taxpayers who have business activities on Oahu but whose businesses are located outside Oahu. Source: Hawaii State Department of Business, Economic Development, & Tourism <http://www.hawaii.gov/dbedt/inf>, Hawaii State Department of Labor & Industrial Relations <http://www.hiwi.org/cgi/dataanalysis/?PAGEID=94>; Hawaii State Department of Taxation <http://www.hawaii.gov/tax/a5_3txcolrpt.htm> and Hospitality Advisors, LLC. 5/21/2021


http://www.hawaii.gov/dbedt/inf

http://www.hiwi.org/cgi/dataanalysis/?PAGEID=94

http://www.hawaii.gov/tax/a5_3txcolrpt.htm


OUTLOOK FOR THE ECONOMY

Hawaii’s economy has been greatly impacted by the COVID-19 pandemic. During the April 2020-March 2021 period, the average unemployment rate (not seasonally adjusted) was 13.5 percent. Hawaii lost 130,400 non-agriculture payroll jobs during the April 2020-March 2021 period as compared with the same period a year ago. All industry sectors lost jobs except for federal government jobs. The accommodation and food services & drinking places accounted for 42.2 percent of the total job losses, with a decline of 55,000 jobs. Overall, statewide non-agriculture payroll jobs decreased by 19.8 percent during the April 2020-March 2021 period.

Hawaii’s unemployment rate increased from 2.0 percent in the first quarter of 2020 to 19.4 percent in the second quarter of 2020. After this peak, the rate declined to 14.5 percent in the third quarter of 2020, 11.2 percent in the fourth quarter of 2020, and then 9.0 percent in the first quarter of 2021.

Visitor arrivals to the State during the first quarter of 2021 totaled 847,044, a decrease of 59.6 percent from the same quarter in 2020. However, due to the longer average length of stay, the average daily visitor census decreased only 51.6 percent in the first quarter of 2021.

The value of private building permits showed an increase of 2.3 percent or $17.9 million during the first quarter of 2021. The largest increase occurred in the residential category, which was up by $76.7 million or 33.5 percent. The value of commercial & industrial building permits declined by 2.9 percent, and the value for additions & alterations permits declined by 12.7 percent during the same period. In the first quarter of 2021, the state government spending on capital investment projects (CIP) decreased by 18.5 percent or $58.8 million, and government contracts awarded decreased 85.6 percent or $1,148.8 million over the first quarter of 2020.

At the national level, U.S. real GDP growth fell to a negative 9.0 percent in the second quarter of 2020, following a 0.3 percent increase in the first quarter. Growth then began to gradually improve with negative 2.8 percent growth in the third quarter, negative 2.4 percent in the fourth quarter, and positive 0.4 percent

growth in the first quarter of 2021, as compared to the same quarter in previous year. The Blue Chip Economic Indicators report from May 10, 2021, which is the consensus of 50 economic forecasting organizations, projected that the U.S. economic growth rate for 2021 will increase by 6.6 percent. The report projected a positive 4.4 percent U.S. economic growth for 2022. The Blue Chip forecasts for foreign countries were all positive for 2021. Based on the above developments, DBEDT projects that Hawaii’s economic growth rate, as measured by the real gross domestic product (GDP), will increase by 3.5 percent in 2021, 3.0 percent in 2022, 2.3 percent in 2023, and 1.8 percent in 2024.

Hawaii will welcome 6.6 million visitors in 2021, an increase of 144.4 percent from the 2020 level. Visitor arrivals will increase to 8.6 million in 2022, 9.5 million in 2023, and 10.1 million in 2024. Visitor spending will increase 117.8 percent in 2021, then will increase 34.0 percent in 2022, 12.9 percent in 2023, and 7.2 percent in 2024.

Non-agriculture payroll jobs will increase 8.0 percent in 2021, then will increase by 3.4 percent in 2022, 1.6 percent in 2023, and 1.4 percent in 2024.

Overall for 2021, the average annual unemployment rate is forecast to be 7.7 percent, then decrease to 6.3 percent in 2022, 5.6 percent in 2023, and 5.0 percent in 2024. These rates are much higher than Hawaii’s average unemployment rate of 2.5 percent from 2017 to 2019.

Nominal personal income is forecast to decrease by 0.9 percent in 2021 and 2.5 percent in 2022, It is then expected to increase 2.8 percent in 2023 and 3.3 percent in 2024.

Hawaii’s consumer inflation rate, as measured by the Honolulu Consumer Price Index for All Urban Consumers, is expected to increase 2.5 percent in 2021, increase 2.3 percent in 2022, and increase 2.0 percent per year in 2023 and 2024.

Hawaii’s population is expected to increase 0.1 percent in 2021, and increase by 0.2 percent in 2022, 2023, and 2024.



ACTUAL AND FORECAST OF KEY ECONOMIC INDICATORS FOR HAWAII: 2019 TO 2024

Economic Indicators 2019 2020 1/ 2021 2022 2023 2024

Actual Forecast

Total population (thousands) 2/ (NA) 1,455 1,457 1,459 1,463 1,466

Visitor arrivals (thousands) 3/ 10,387 2,716 6,637 8,553 9,543 10,138

Visitor days (thousands) 3/ 90,361 28,702 60,386 76,473 84,499 88,857

Visitor expenditures (million dollars) 3/ 17,844 5,111 11,132 14,911 16,833 18,048

Honolulu CPI-U (1982-84=100) 281.6 286.0 293.2 299.9 305.9 312.0

Personal income (million dollars) 80,727 85,446 84,706 82,599 84,875 87,666

Real personal income (millions of 2012$) 4/ 61,855 65,210 63,426 60,774 61,384 62,356

Non-agricultural wage & salary jobs (thousands) 658.5 557.1 601.6 621.9 632.1 641.1

Civilian unemployment rate 2.5 11.6 7.7 6.3 5.6 5.0

Gross domestic product (million dollars) 95,744 89,856 95,045 99,901 104,019 107,780

Real gross domestic product (millions of 2012$) 82,471 75,863 78,518 80,874 82,734 84,223

Gross domestic product deflator (2012=100) 116.1 118.4 121.0 123.5 125.7 128.0

Annual Percentage Change

Total population (NA) (NA) 0.1 0.2 0.2 0.2

Visitor arrivals 5.0 -73.9 144.4 28.9 11.6 6.2

Visitor days 2.4 -68.2 110.4 26.6 10.5 5.2

Visitor expenditures 1.1 -71.4 117.8 34.0 12.9 7.2

Honolulu CPI-U 1.6 1.6 2.5 2.3 2.0 2.0

Personal income 2.9 5.8 -0.9 -2.5 2.8 3.3

Real personal income 0.7 5.4 -2.7 -4.2 1.0 1.6

Non-agricultural wage & salary jobs 0.0 -15.4 8.0 3.4 1.6 1.4

Civilian unemployment rate 5/ 0.1 9.1 -3.9 -1.4 -0.7 -0.7

Gross domestic product 2.8 -6.1 5.8 5.1 4.1 3.6

Real gross domestic product 0.3 -8.0 3.5 3.0 2.3 1.8

Gross domestic product deflator (2012=100) 2.5 2.0 2.2 2.0 1.8 1.8

NA. Not available or not applicable.

1/ Some of the indicators are preliminary such as visitor arrivals, visitor days and expenditures,

2/ Census of Population April 1, 2020 count.

3/ Visitors who came to Hawaii by air or by cruise ship. Expenditures includes supplementary expenditures.

4/ Using personal income deflator developed by the U.S. Bureau of Economic Analysis and estimated by DBEDT.

5/ Absolute change from previous year.

Source: Hawaii State Department of Business, Economic Development & Tourism, May 24, 2021.



COUNTY ECONOMIC CONDITIONS

Overall economic conditions were mostly negative across the counties in the first quarter of 2021. The unemployment rate increased in all counties while total non-agricultural wage and salary jobs and total visitor arrivals by air declined. The value of private building permits increased in Honolulu and Kauai but decreased in other counties.

In the first quarter of 2021, the unemployment rate in Honolulu increased 6.2 percentage points from 1.9 percent to 8.1 percent; the unemployment rate in Maui County increased 10.9 percentage points from 1.9 percent to 12.8 percent; the unemployment rate in Hawaii County increased 6.4 percentage points from 2.4 percent to 8.8 percent; and the unemployment rate in Kauai County increased 11.4 percentage points from 2.1 percent to 13.5 percent.

In the first quarter of 2021, Honolulu lost

71,000 non-agricultural wage and salary jobs compared to the same quarter of 2020. Jobs decreased the most in Food Services and Drinking Places, which lost 10,900 jobs or 22.9 percent. This was followed by Accommodation which lost 9,700 jobs or 50.5 percent, Retail Trade which lost 8,500 jobs or 18.0 percent, Transportation, Warehousing & Utilities which lost 7,500 jobs or 28.0 percent, and Other Services which lost 5,200 jobs or 24.2 percent in the quarter. For the private sector, only Natural Resources, Mining & Construction did not lose jobs in the quarter. The Government sector lost 9,600 jobs or 9.7 percent in the quarter.

In the first quarter of 2021, Hawaii County lost

11,900 or 16.8 percent of non-agricultural wage and salary jobs over the same quarter of 2020. Jobs decreased the most in Accommodation, which lost 3,100 jobs or 47.7 percent. This was followed by Food Services and Drinking Places which lost 1,900 jobs or 27.9 percent, Professional & Business Services which lost 1,200 jobs or 17.9 percent, Arts, Entertainment & Recreation which lost 1,100 jobs or 73.3 percent, and Transportation, Warehousing & Utilities which lost 800 jobs or

25.0 percent in the quarter. The Government sector lost 1,200 jobs or 7.8 percent in the quarter.

Maui County lost 20,600 jobs or a 25.7 percent

decrease in the first quarter of 2021 over the same quarter of 2020. Jobs decreased the most in Accommodation which lost 6,300 jobs or 48.5 percent. This was followed by Food Services and Drinking Places which lost 5,800 jobs or 55.2 percent, Professional & Business Services which lost 2,100 jobs or 28.8 percent, Transportation, Warehousing & Utilities which lost 1,700 jobs or 35.4 percent, and Retail Trade which lost 1,700 jobs or 17.3 percent in the quarter. The Government sector lost 600 jobs or 6.5 percent in the quarter.

Kauai County lost 9,200 jobs or a 27.8 percent

decrease in the first quarter of 2021 over the same quarter of 2020. Jobs decreased the most in Accommodation which lost 3,200 jobs or 68.1 percent. This was followed by Food Services and Drinking Places which lost 2,200 jobs or 47.8 percent, Arts, Entertainment & Recreation which lost 1,000 jobs or 83.3 percent, Transportation, Warehousing & Utilities which lost 600 jobs or 40.0 percent, and Retail Trade which lost 600 jobs or 14.6 percent in the quarter. The Government sector lost 200 jobs or 3.8 percent in the quarter.

In the first quarter of 2021, visitor arrivals by

air decreased in all counties. Visitor arrivals by air decreased 58.1 percent in Honolulu, 45.5 percent in Maui, 58.1 percent in Hawaii County, and 90.6 percent in Kauai compared to the same quarter of 2020.

In the first quarter of 2021, private building

permits increased in Honolulu and Kauai, but decreased in other counties. In the first quarter of 2021, private building permits increased $52.3 million or 11.9 percent in Honolulu, increased $8.4 million or 23.9 percent in Kauai (only residential available), decreased $42.1 million or 28.9 percent in Maui, and decreased $0.8 million or 0.5 percent in Hawaii County from the same quarter of the previous year.



Table 2. 2021 QUARTERLY ECONOMIC INDICATORS: CITY AND COUNTY OF HONOLULU



Civilian labor force, NSA (persons) 1/ 458,650 450,950 -1.7 458,650 450,950 -1.7 Civilian employed 450,100 414,650 -7.9 450,100 414,650 -7.9 Civilian unemployed 8,550 36,300 324.6 8,550 36,300 324.6 Unemployment rate, NSA (%) 1/ 2/ 1.9 8.1 6.2 1.9 8.1 6.2

Total wage and salary jobs (NA) (NA) (NA) (NA) (NA) (NA) Total non-agric. wage & salary jobs 475,500 404,500 -14.9 475,500 404,500 -14.9 Nat. Resources, Mining, Constr. 26,700 26,700 0.0 26,700 26,700 0.0 Manufacturing 10,700 8,600 -19.6 10,700 8,600 -19.6 Wholesale Trade 14,300 13,400 -6.3 14,300 13,400 -6.3 Retail Trade 47,100 38,600 -18.0 47,100 38,600 -18.0 Transp., Warehousing, Util. 26,800 19,300 -28.0 26,800 19,300 -28.0 Information 7,500 5,500 -26.7 7,500 5,500 -26.7 Financial Activities 23,000 21,500 -6.5 23,000 21,500 -6.5 Professional & Business Services 57,400 53,700 -6.4 57,400 53,700 -6.4 Educational Services 11,600 9,400 -19.0 11,600 9,400 -19.0 Health Care & Social Assistance 54,800 52,000 -5.1 54,800 52,000 -5.1 Arts, Entertainment & Recreation 8,500 4,000 -52.9 8,500 4,000 -52.9 Accommodation 19,200 9,500 -50.5 19,200 9,500 -50.5 Food Services & Drinking Places 47,600 36,700 -22.9 47,600 36,700 -22.9 Other Services 21,300 16,100 -24.4 21,300 16,100 -24.4 Government 99,000 89,400 -9.7 99,000 89,400 -9.7 Federal 32,200 31,200 -3.1 32,200 31,200 -3.1 State 54,700 46,300 -15.4 54,700 46,300 -15.4 Local 12,100 11,900 -1.7 12,100 11,900 -1.7 Agriculture wage and salary jobs (NA) (NA) (NA) (NA) (NA) (NA)

General excise & use tax rev. ($1,000) (NA) (NA) (NA) (NA) (NA) (NA) Income-individual (NA) (NA) (NA) (NA) (NA) (NA) Declaration estimated taxes (NA) (NA) (NA) (NA) (NA) (NA) Payment with returns (NA) (NA) (NA) (NA) (NA) (NA) Withholding tax on wages (NA) (NA) (NA) (NA) (NA) (NA) Refunds (NA) (NA) (NA) (NA) (NA) (NA) Transient accommodations tax (NA) (NA) (NA) (NA) (NA) (NA) Honolulu County Surcharge 3/ (NA) (NA) (NA) (NA) (NA) (NA)

Private Building Permits ($1,000) 438,633 490,981 11.9 438,633 490,981 11.9 Residential 71,999 123,217 71.1 71,999 123,217 71.1 Commercial & industrial 14,574 32,168 120.7 14,574 32,168 120.7 Additions & alterations 352,060 335,596 -4.7 352,060 335,596 -4.7

Visitor Days - by air 8,594,611 3,820,637 -55.5 8,594,611 3,820,637 -55.5 Domestic visitor days - by air 5,224,360 3,707,312 -29.0 5,224,360 3,707,312 -29.0 International visitor days - by air 3,370,251 113,325 -96.6 3,370,251 113,325 -96.6 Visitor arrivals by air - by air 1,223,012 391,333 -68.0 1,223,012 391,333 -68.0 Domestic flight visitors - by air 712,552 385,828 -45.9 712,552 385,828 -45.9 International flight visitors - by air 510,460 5,505 -98.9 510,460 5,505 -98.9 Visitor expenditures - by air ($1,000) 1,590,895 (NA) (NA) 1,590,895 (NA) (NA) Hotel occupancy rates 2/ 71.7 31.3 -40.4 71.7 31.3 -40.4







Table 3. 2021 QUARTERLY ECONOMIC INDICATORS: HAWAII COUNTY



Civilian labor force, NSA (persons) 1/ 91,650 89,600 -2.2 91,650 89,600 -2.2 Civilian employed 89,400 81,700 -8.6 89,400 81,700 -8.6 Civilian unemployed 2,250 7,900 251.1 2,250 7,900 251.1 Unemployment rate, NSA (%) 1/ 2/ 2.4 8.8 6.4 2.4 8.8 6.4

- - 0.0 Total wage and salary jobs (NA) (NA) (NA) (NA) (NA) (NA) Total non-agric. wage & salary jobs 71,000 59,100 -16.8 71,000 59,100 -16.8 Nat. Resources, Mining, Constr. 3,600 3,600 0.0 3,600 3,600 0.0 Manufacturing 1,400 1,300 -7.1 1,400 1,300 -7.1 Wholesale Trade 1,700 1,600 -5.9 1,700 1,600 -5.9 Retail Trade 9,600 9,000 -6.3 9,600 9,000 -6.3 Transp., Warehousing, Util. 3,200 2,400 -25.0 3,200 2,400 -25.0 Information 600 500 -16.7 600 500 -16.7 Financial Activities 2,600 2,100 -19.2 2,600 2,100 -19.2 Professional & Business Services 6,700 5,500 -17.9 6,700 5,500 -17.9 Educational Services 1,300 1,100 -15.4 1,300 1,100 -15.4 Health Care & Social Assistance 7,900 7,300 -7.6 7,900 7,300 -7.6 Arts, Entertainment & Recreation 1,500 400 -73.3 1,500 400 -73.3 Accommodation 6,500 3,400 -47.7 6,500 3,400 -47.7 Food Services & Drinking Places 6,800 4,900 -27.9 6,800 4,900 -27.9 Other Services 2,200 1,900 -13.6 2,200 1,900 -13.6 Government 15,300 14,100 -7.8 15,300 14,100 -7.8 Federal 1,300 1,100 -15.4 1,300 1,100 -15.4 State 11,200 10,200 -8.9 11,200 10,200 -8.9 Local 2,800 2,800 0.0 2,800 2,800 0.0 Agriculture wage and salary jobs (NA) (NA) (NA) (NA) (NA) (NA)


Private Building Permits ($1,000) 165,242 164,416 -0.5 165,242 164,416 -0.5 Residential 90,107 96,378 7.0 90,107 96,378 7.0 Commercial & industrial 29,674 36,428 22.8 29,674 36,428 22.8 Additions & alterations 45,461 31,610 -30.5 45,461 31,610 -30.5

Visitor Days - by air 3,269,046 1,834,169 -43.9 3,269,046 1,834,169 -43.9 Domestic visitor days - by air 2,693,913 1,818,573 -32.5 2,693,913 1,818,573 -32.5 International visitor days - by air 575,132 15,596 -97.3 575,132 15,596 -97.3 Visitor arrivals by air - by air 390,138 163,530 -58.1 390,138 163,530 -58.1 Domestic flight visitors - by air 300,239 163,113 -45.7 300,239 163,113 -45.7 International flight visitors - by air 89,898 420 -99.5 89,898 420 -99.5 Visitor expenditures - by air ($1,000) 625,027 (NA) (NA) 625,027 (NA) (NA) Hotel occupancy rates 2/ 70.8 37.2 -33.5 70.8 37.2 -33.5







Table 4. 2021 QUARTERLY ECONOMIC INDICATORS: MAUI COUNTY



Civilian labor force, NSA (persons) 1/ 87,550 81,250 -7.2 87,550 81,250 -7.2 Civilian employed 85,850 70,850 -17.5 85,850 70,850 -17.5 Civilian unemployed 1,700 10,400 511.8 1,700 10,400 511.8 Unemployment rate, NSA (%) 1/ 2/ 1.9 12.8 10.9 2 13 10.9

Total wage and salary jobs (NA) (NA) (NA) (NA) (NA) (NA) Total non-agric. wage & salary jobs 80,300 59,700 -25.7 80,300 59,700 -25.7 Nat. Resources, Mining, Constr. 4,300 4,200 -2.3 4,300 4,200 -2.3 Manufacturing 1,200 900 -25.0 1,200 900 -25.0 Wholesale Trade 1,600 1,200 -25.0 1,600 1,200 -25.0 Retail Trade 9,800 8,100 -17.3 9,800 8,100 -17.3 Transp., Warehousing, Util. 4,800 3,100 -35.4 4,800 3,100 -35.4 Information 500 400 -20.0 500 400 -20.0 Financial Activities 3,000 2,100 -30.0 3,000 2,100 -30.0 Professional & Business Services 7,300 5,200 -28.8 7,300 5,200 -28.8 Educational Services 1,200 1,000 -16.7 1,200 1,000 -16.7 Health Care & Social Assistance 8,200 7,900 -3.7 8,200 7,900 -3.7 Arts, Entertainment & Recreation 2,300 3,000 30.4 2,300 3,000 30.4 Accommodation 13,000 6,700 -48.5 13,000 6,700 -48.5 Food Services & Drinking Places 10,500 4,700 -55.2 10,500 4,700 -55.2 Other Services 3,400 2,500 -26.5 3,400 2,500 -26.5 Government 9,200 8,600 -6.5 9,200 8,600 -6.5 Federal 900 800 -11.1 900 800 -11.1 State 5,700 5,200 -8.8 5,700 5,200 -8.8 Local 2,700 2,600 -3.7 2,700 2,600 -3.7 Agriculture wage and salary jobs (NA) (NA) (NA) (NA) (NA) (NA)


Private Building Permits ($1,000) 145,645 103,552 -28.9 145,645 103,552 -28.9 Residential 31,274 42,045 34.4 31,274 42,045 34.4 Commercial & industrial 76,217 48,316 -36.6 76,217 48,316 -36.6 Additions & alterations 38,154 13,192 -65.4 38,154 13,192 -65.4

Visitor Days - by air 5,352,612 3,297,175 -38.4 5,352,612 3,297,175 -38.4 Domestic visitor days - by air 4,469,332 3,247,357 -27.3 4,469,332 3,247,357 -27.3 International visitor days - by air 883,281 49,818 -94.4 883,281 49,818 -94.4 Visitor arrivals by air - by air 614,695 334,715 -45.5 614,695 334,715 -45.5 Domestic flight visitors - by air 516,361 332,919 -35.5 516,361 332,919 -35.5 International flight visitors - by air 98,334 1,796 -98.2 98,334 1,796 -98.2 Visitor expenditures - by air ($1,000) 1,222,027 (NA) (NA) 1,222,027 (NA) (NA) Hotel occupancy rates 2/ 67.7 34.3 -33.4 67.7 34.3 -33.4







Table 5. 2021 QUARTERLY ECONOMIC INDICATORS: KAUAI COUNTY



Civilian labor force, NSA (persons) 1/ 36,850 33,550 -9.0 36,850 33,550 -9.0 Civilian employed 36,050 29,000 -19.6 36,050 29,000 -19.6 Civilian unemployed 800 4,550 468.8 800 4,550 468.8 Unemployment rate, NSA (%) 1/ 2/ 2.1 13.5 11.4 2.1 13.5 11.4

Total wage and salary jobs (NA) (NA) (NA) (NA) (NA) (NA) Total non-agric. wage & salary jobs 33,100 23,900 -27.8 33,100 23,900 -27.8 Nat. Resources, Mining, Constr. 2,000 2,000 0.0 2,000 2,000 0.0 Manufacturing 500 400 -20.0 500 400 -20.0 Wholesale Trade 500 400 -20.0 500 400 -20.0 Retail Trade 4,100 3,500 -14.6 4,100 3,500 -14.6 Transp., Warehousing, Util. 1,500 900 -40.0 1,500 900 -40.0 Information 200 200 0.0 200 200 0.0 Financial Activities 1,200 800 -33.3 1,200 800 -33.3 Professional & Business Services 3,200 2,700 -15.6 3,200 2,700 -15.6 Educational Services 300 300 0.0 300 300 0.0 Health Care & Social Assistance 2,900 2,700 -6.9 2,900 2,700 -6.9 Arts, Entertainment & Recreation 1,200 200 -83.3 1,200 200 -83.3 Accommodation 4,700 1,500 -68.1 4,700 1,500 -68.1 Food Services & Drinking Places 4,600 2,400 -47.8 4,600 2,400 -47.8 Other Services 1,100 1,000 -9.1 1,100 1,000 -9.1 Government 5,200 5,000 -3.8 5,200 5,000 -3.8 Federal 600 500 -16.7 600 500 -16.7 State 3,300 3,200 -3.0 3,300 3,200 -3.0 Local 1,300 1,300 0.0 1,300 1,300 0.0 Agriculture wage and salary jobs (NA) (NA) (NA) (NA) (NA) (NA)


Private Building Permits ($1,000) 35,273 43,719 23.9 35,273 43,719 23.9 Residential 35,273 43,719 23.9 35,273 43,719 23.9 Commercial & industrial (NA) (NA) (NA) (NA) (NA) (NA) Additions & alterations (NA) (NA) (NA) (NA) (NA) (NA)

Visitor Days - by air 2,206,135 354,252 -83.9 2,206,135 354,252 -83.9 Domestic visitor days - by air 1,979,369 354,126 -82.1 1,979,369 354,126 -82.1 International visitor days - by air 226,766 126 -99.9 226,766 126 -99.9 Visitor arrivals by air - by air 281,681 26,469 -90.6 281,681 26,469 -90.6 Domestic flight visitors - by air 246,601 26,451 -89.3 246,601 26,451 -89.3 International flight visitors - by air 35,079 18 -99.9 35,079 18 -99.9 Visitor expenditures - by air ($1,000) 441,467 (NA) (NA) 441,467 (NA) (NA) Hotel occupancy rates 2/ 68.8 25.2 -43.6 68.8 25.2 -43.6







A. LABOR FORCE AND JOBS

Hawaii’s labor market conditions were all negative in the first quarter of 2021. The civilian labor force and the civilian employment both decreased. Since the civilian employment decreased more than the civilian labor force, the civilian unemployment rate increased in the quarter. The civilian non-agricultural wage and salary jobs also decreased.

In the first quarter of 2021, the civilian labor force averaged 655,300 people, a decrease of 19,400 people or 2.9 percent from the same quarter of 2020 (Table A-1). In 2020, the civilian labor force declined by 21,000 people or 3.1 percent from the previous year.

Civilian employment averaged 596,200 people in the first quarter of 2021, a decrease of 65,250 people or 9.9 percent compared to the same quarter of 2020 (Table A-2). In 2020, average civilian employment decreased 79,950 people or 12.2 percent from the previous year.

In the first quarter of 2021, the number of civilian unemployed averaged 59,150, an increase of 45,900 people or 346.4 percent from the same quarter of 2020 (Table A-3). In 2020, the number of unemployed increased 59,000 people or 359.8 percent from the previous year.

The unemployment rate (not seasonally adjusted) was 9.0 percent in the first quarter of 2021, 7.0 percentage points above the first quarter of 2020 (Table A-4). In 2020, the unemployment rate increased 9.1 percentage points from the previous year’s 2.5 percent.

In the first quarter of 2021, Hawaii’s non-agricultural wage and salary jobs averaged 547,000 jobs, a decrease of 113,300 jobs or 17.2 percent from the same quarter of 2020 (Table A-6). In 2020, average non-agricultural wage and salary jobs decreased 15.4 percent or 101,400 jobs from the previous year.

The job decrease in the first quarter of 2021 was due to job decreases in both the private sector and the government sector. In this quarter, the private sector lost about 101,800 non-agricultural jobs compared to the first quarter of 2020. All private sectors lost jobs in the quarter. Jobs decreased the most in Accommodation, which lost 22,300 jobs or 51.3 percent (Table A-18); followed by Food Services and Drinking Places, which lost 20,800 jobs or 30.0 percent (Table A-19), Retail Trade, which lost 11,600 jobs or 16.4 percent (Table A-10), Transportation, Warehousing & Utilities, which lost 10,800 jobs or 29.6 percent (Table A-11), Professional & Business Services, which lost 7,400 jobs or 9.9 percent (Table A-14), Other Services, which lost 6,600 jobs or 23.5 percent (Table A-20), and Arts, Entertainment & Recreation, which lost 6,000 jobs or 44.4 percent (Table A-17) in the quarter.

The Government sector lost 11,500 jobs or 8.9 percent (Table A-21) in the first quarter of 2021 compared to the same quarter of 2020. The Federal Government lost 1,200 jobs or 3.4 percent (Table A-22), the State Government lost 10,000 jobs or 13.4 percent (Table A-23), and the Local Government lost 200 jobs or 1.1 percent (Table A-24), compared to the first quarter of 2020.



Table A-6. NON-AGRICULTURAL WAGE AND SALARY JOBS

Year FirstQuarter

SecondQuarter

ThirdQuarter

FourthQuarter

AnnualAverage

Not Seasonally Adjusted Data. Number of Jobs 1/

1990 520,000 528,600 525,900 539,300 528,400 1991 537,900 537,300 536,000 545,200 539,100 1992 543,100 544,700 538,700 544,800 542,800 1993 540,000 543,500 532,000 539,500 538,800 1994 535,200 538,000 530,500 540,600 536,100 1995 536,000 536,300 526,200 533,300 532,900 1996 531,400 531,500 526,100 534,500 530,900 1997 533,200 533,600 526,600 533,900 531,800 1998 530,000 533,100 528,100 535,000 531,500 1999 528,700 535,100 532,900 545,100 535,400 2000 542,900 552,900 549,900 562,100 551,900 2001 555,700 559,400 554,750 552,450 555,550 2002 549,050 557,450 555,550 567,650 557,450 2003 564,650 567,300 564,650 576,750 568,350 2004 574,550 582,500 581,950 597,750 584,200 2005 592,650 602,450 601,800 613,000 602,500 2006 609,700 618,050 616,450 627,850 618,000 2007 622,400 626,300 621,750 632,900 625,850 2008 626,300 624,900 614,050 615,850 620,300 2009 600,150 595,850 583,800 590,400 592,550 2010 584,500 588,700 582,400 596,600 588,000 2011 590,700 593,700 590,100 604,200 594,700 2012 597,300 607,300 605,600 620,400 607,700 2013 612,900 619,300 616,200 631,200 619,900 2014 624,400 627,700 624,300 637,400 628,500 2015 633,600 637,700 634,800 649,800 639,000 2016 643,100 646,500 645,100 655,800 647,600 2017 652,500 656,100 649,600 661,600 655,000 2018 656,600 658,800 652,000 665,600 658,300 2019 2/ 3/ 657,500 658,000 652,900 665,700 658,500 2020 2/ 3/ 660,300 515,400 516,200 536,700 557,100 2021 547,000 (NA) (NA) Year-to-Date 547,000

Percentage Change from the Same Period in Previous Year

1991 3.4 1.6 1.9 1.1 2.0 1992 1.0 1.4 0.5 -0.1 0.7 1993 -0.6 -0.2 -1.2 -1.0 -0.7 1994 -0.9 -1.0 -0.3 0.2 -0.5 1995 0.1 -0.3 -0.8 -1.4 -0.6 1996 -0.9 -0.9 0.0 0.2 -0.4 1997 0.3 0.4 0.1 -0.1 0.2 1998 -0.6 -0.1 0.3 0.2 -0.1 1999 -0.2 0.4 0.9 1.9 0.7 2000 2.7 3.3 3.2 3.1 3.1 2001 2.4 1.2 0.9 -1.7 0.7 2002 -1.2 -0.3 0.1 2.8 0.3 2003 2.8 1.8 1.6 1.6 2.0 2004 1.8 2.7 3.1 3.6 2.8 2005 3.2 3.4 3.4 2.6 3.1 2006 2.9 2.6 2.4 2.4 2.6 2007 2.1 1.3 0.9 0.8 1.3 2008 0.6 -0.2 -1.2 -2.7 -0.9 2009 -4.2 -4.6 -4.9 -4.1 -4.5 2010 -2.6 -1.2 -0.2 1.1 -0.8 2011 1.1 0.8 1.3 1.3 1.1 2012 1.1 2.3 2.6 2.7 2.2

2013 2.6 2.0 1.8 1.7 2.0 2014 1.9 1.4 1.3 1.0 1.4 2015 1.5 1.6 1.7 1.9 1.7 2016 1.5 1.4 1.6 0.9 1.3 2017 1.5 1.5 0.7 0.9 1.1 2018 0.6 0.4 0.4 0.6 0.5 2019 2/ 3/ 0.1 -0.1 0.1 0.0 0.0 2020 2/ 3/ 0.4 -21.7 -20.9 -19.4 -15.4 2021 -17.2 (NA) (NA) Year-to-Date -17.2

NA Not available. 1/ Data rounded to nearest 100 for 1990-2000 and 2010-2017, and to 50 for 2001-2009. 2/ 2019 and 2020 data benchmarked by DLIR in March 2021. 3/ 2019Q2 through 2020Q4, Annual Average 2019 and 2020 revised from previous QSER. Source: Hawaii Department of Labor & Industrial Relations monthly and annual data <https://www.hiwi.org/gsipub/index.asp?docid=421>. Quarterly and Year-to-Date averages computed by the Hawaii State Department of Business, Economic Development & Tourism.


https://www.hiwi.org/gsipub/index.asp?docid=421


B. INCOME AND PRICES

In the fourth quarter of 2020, total annualized nominal GDP decreased $6,235 million or 6.4 percent, from the fourth quarter of 2019. In 2020, total annualized nominal GDP decreased $5,888 million or 6.1 percent from the same period of the previous year. In the fourth quarter of 2020, total annualized real GDP (in chained 2012 dollars) decreased $6,934 million or 8.4 percent from the fourth quarter of 2019. In 2020, total annualized real GDP decreased $6,609 million or 8.0 percent from the previous year (Tables B-1 to B-3).

Hawaii’s total personal income increased during the fourth quarter of 2020 over the same quarter of 2019 mainly due to increased personal current transfer receipts.

In the fourth quarter of 2020, total nominal

annualized personal income (i.e. not adjusted for inflation) increased $681.7 million or 0.8 percent over that of 2019 (Table B-5). In 2020, total annualized personal income was $85,445.5 million, an increase of 5.8 percent from the previous year.

In the fourth quarter of 2020, wages and salaries

decreased $4,370.4 million or 10.9 percent over that of 2019. In 2020, wages and salaries decreased 7.9 percent from the previous year (Table B-8).

Supplements to wages and salaries, consisting of

employer payments to retirement plans, private group health insurance plans, private workers compensation plans, and other such benefits, decreased $850.0 million or 7.6 percent in the fourth quarter of 2020 from the same quarter of 2019 (Table B-9). In 2020, supplements to wages and salaries decreased 5.7 percent from the previous year.

Proprietors' income increased $117.0 million or 1.7

percent in the fourth quarter of 2020 over that of 2019 (Table B-10). In 2020, proprietors’ income was up 0.1 percent from the previous year.

Dividends, interest, and rent decreased $220.5

million or 1.3 percent in the fourth quarter of 2020 from the same quarter of 2019. In 2020, income in this category was down 0.4 percent from the previous year (Table B-11).

The annualized personal current transfer receipts grew by $5,363.5 million or 41.8 percent in the fourth quarter of 2020 from the same quarter of 2019 (Table B-12). In 2020, personal current transfer receipts increased 64.2 percent from the previous year.

Contributions to government social insurance, which

is subtracted from total personal income, decreased $642.0 million or 9.7 percent in the fourth quarter of 2020 compared to the fourth quarter of 2019. In 2020, contributions to government social insurance decreased 6.4 percent from the previous year (Table B-13).

In the fourth quarter of 2020, total non-farm private

sector annualized earnings decreased $4,814.0 million or 11.7 percent from the fourth quarter of 2019. In dollar terms, the largest decrease occurred in accommodation and food services; followed by transportation and warehousing, retail trade, arts, entertainment, and recreation, administration and management services, and other services. Increases were seen in construction and health care and social assistance, During the fourth quarter of 2020, total government earnings decreased $381.5 million or 2.3 percent from the same quarter of 2019. Earnings from the federal government increased $164.1 million or 1.8 percent. Earnings from the state and local governments decreased $545.5 million or 7.3 percent in the quarter.

In the second half of 2020, Honolulu’s Consumer

Price Index for Urban Consumers (CPI-U) increased 1.6 percent from the same period in 2019 (Table B-14). This is 0.4 of a percentage point above the 1.2 percent increase for the U.S. average CPI-U and is higher than the second half of 2019 Honolulu CPI-U increase of 1.3 percent from the same period of the previous year. In the second half of 2020, the Honolulu CPI-U increased the most in Food and Beverages (6.9 percent), followed by Recreation (4.5 percent), Education and Communication (4.2 percent), and Housing (1.4 percent). The price of Apparel decreased 7.1 percent; the price of Transportation decreased 5.2 percent, and the price of Other Goods and Services decreased 1.8 percent compared to the second half of 2019.



Table B-4. PERSONAL INCOME FOR HAWAII BY MAJOR SOURCES[In thousands of dollars at seasonally adjusted annual rates and percent calculated at quarterly rates. As of QSER Sept. 2003, according to NAICS cla

Percentage change

Fourth Quarter 2020

AnnAver2020

Series 1/

Fourth Quarter

2019

Third Quarter

2020

Fourth Quarter

2020AnnAver

2019AnnAver

2020

Fourth Quarter

2019

Third Quarter

2020AnnAver

2019PERSONAL INCOME 81,584,760 85,782,985 82,266,468 80,726,523 85,445,502 0.8 -4.1 5.8

Earnings By Place of Work 58,129,872 52,723,560 53,026,548 57,466,336 53,710,604 -8.8 0.6 -6.5 Wages and salaries 40,027,756 35,239,243 35,657,372 39,570,051 36,452,562 -10.9 1.2 -7.9 Supplements to wages and salaries 11,254,648 10,376,287 10,404,665 11,187,748 10,544,629 -7.6 0.3 -5.7

Emp'er contrib. for emp'ee pension & ins. funds 8,107,900 7,501,783 7,535,023 8,077,067 7,599,268 -7.1 0.4 -5.9 Employer contributions for gov't social ins. 3,146,748 2,874,504 2,869,642 3,110,681 2,945,361 -8.8 -0.2 -5.3

Proprietors' income 6,847,468 7,108,030 6,964,511 6,708,537 6,713,413 1.7 -2.0 0.1 Farm proprietors' income 12,124 86,385 92,972 14,489 66,787 666.8 7.6 360.9 Nonfarm proprietors' income 6,835,344 7,021,645 6,871,539 6,694,048 6,646,626 0.5 -2.1 -0.7 Dividends, interest, and rent 17,286,792 16,928,768 17,066,317 17,168,006 17,092,023 -1.3 0.8 -0.4 plus: Personal current transfer receipts 12,818,660 22,113,187 18,182,195 12,672,775 20,803,660 41.8 -17.8 64.2 Social Security benefits 4,599,812 4,777,521 4,817,436 4,541,750 4,766,902 4.7 0.8 5.0 Medicare benefits 2,901,720 3,076,426 3,146,046 2,850,700 3,038,527 8.4 2.3 6.6 Medicaid 2,243,508 2,508,653 2,570,603 2,201,532 2,422,696 14.6 2.5 10.0 State unempl. ins. comp. 144,560 8,018,404 3,051,580 145,840 5,492,799 2,010.9 -61.9 3,666.3 All other personal current transfer receipts 2,929,060 3,732,183 4,596,530 2,932,953 5,082,736 56.9 23.2 73.3 Less: Contributions for gov't social insurance 6,650,564 5,982,530 6,008,592 6,580,594 6,160,784 -9.7 0.4 -6.4 Personal contributions for gov't social ins. 3,503,816 3,108,026 3,138,950 3,469,913 3,215,423 -10.4 1.0 -7.3 Employer contributions for gov't social ins. 3,146,748 2,874,504 2,869,642 3,110,681 2,945,361 -8.8 -0.2 -5.3

Earnings By Industry 58,129,872 52,723,560 53,026,548 57,466,336 53,710,604 -8.8 0.6 -6.5 Farm Earnings 236,324 318,643 328,409 230,919 299,171 39.0 3.1 29.6 Nonfarm Earnings 57,893,548 52,404,917 52,698,139 57,235,417 53,411,433 -9.0 0.6 -6.7 Private earnings 41,206,380 35,929,286 36,392,422 40,701,231 37,008,989 -11.7 1.3 -9.1 Forestry, fishing, & related activities 98,276 106,064 104,653 90,099 99,295 6.5 -1.3 10.2 Mining 32,052 32,900 33,361 31,504 32,104 4.1 1.4 1.9 Utilities 631,888 565,869 557,804 607,714 592,755 -11.7 -1.4 -2.5 Construction 4,535,772 4,682,317 4,860,363 4,508,095 4,672,796 7.2 3.8 3.7 Manufacturing 966,420 811,991 818,267 972,057 864,452 -15.3 0.8 -11.1 Durable goods 332,920 313,853 312,737 332,338 315,628 -6.1 -0.4 -5.0 Nondurable goods 633,500 498,138 505,530 639,719 548,824 -20.2 1.5 -14.2 Wholesale trade 1,445,984 1,284,322 1,281,313 1,462,939 1,330,273 -11.4 -0.2 -9.1 Retail trade 3,453,696 3,039,513 3,124,759 3,415,452 3,142,724 -9.5 2.8 -8.0 Transportation and warehousing 2,689,904 2,319,048 2,063,127 2,609,905 2,272,230 -23.3 -11.0 -12.9 Information 860,332 738,378 770,222 862,570 770,975 -10.5 4.3 -10.6 Finance and insurance 1,813,744 1,818,718 1,903,149 1,773,535 1,861,340 4.9 4.6 5.0 Real estate and rental and leasing 1,921,388 1,879,046 1,946,830 1,899,302 1,877,689 1.3 3.6 -1.1 Prof., scientific, & technical services 3,242,908 3,237,479 3,339,474 3,225,402 3,272,872 3.0 3.2 1.5 Management of companies and enterprises 1,061,040 935,742 947,406 1,068,452 961,143 -10.7 1.2 -10.0 Admin. & waste management services 2,280,564 1,968,892 2,005,601 2,256,386 2,096,182 -12.1 1.9 -7.1 Educational services 859,060 834,193 786,021 851,129 819,246 -8.5 -5.8 -3.7 Health care and social assistance 5,999,504 6,119,814 6,253,784 5,911,118 6,020,717 4.2 2.2 1.9 Arts, entertainment, and recreation 820,652 427,583 514,471 784,028 532,422 -37.3 20.3 -32.1 Accommodation and food services 6,068,036 3,002,221 2,904,728 5,991,548 3,598,973 -52.1 -3.2 -39.9 Other services, except public admin. 2,425,160 2,125,196 2,177,089 2,379,996 2,190,804 -10.2 2.4 -7.9 Government and government enterprises 16,687,168 16,475,631 16,305,717 16,534,186 16,402,444 -2.3 -1.0 -0.8 Federal 9,239,508 9,385,564 9,403,570 9,132,402 9,278,560 1.8 0.2 1.6

Federal, civilian 4,128,224 4,190,635 4,121,941 4,040,782 4,132,128 -0.2 -1.6 2.3 Military 5,111,284 5,194,929 5,281,629 5,091,620 5,146,433 3.3 1.7 1.1

State and local 7,447,660 7,090,067 6,902,147 7,401,784 7,123,884 -7.3 -2.7 -3.8

1/ 2010Q1 to 2020Q3 revised from previous QSER. Source: U.S. Department of Commerce, Bureau of Economic Analysis, State Quarterly Personal Income, March 24, 2021 <http://www.bea.gov/iTable/iTable.cfm?reqid=70&step=1&isuri=1&acrdn=3> accessed March 24, 2021.


http://www.bea.gov/iTable/iTable.cfm?reqid=70&step=1&isuri=1&acrdn=3


Table B-14. HONOLULU and U.S. CONSUMER PRICE INDEX,ALL URBAN CONSUMERS (CPI-U)

[1982-84=100. Data are not seasonally adjusted]

Honolulu 1/

Period U.S. All ItemsFood &

Beverages Housing ApparelTranspor-

tation Medical CareRecre- ation 2/

Educ. & Comm. 2/

Other Goods & Services

1990 130.7 138.1 137.8 141.5 107.0 131.1 154.2 (2/) (2/) 160.4 1991 136.2 148.0 145.9 152.8 110.5 139.3 171.3 (2/) (2/) 175.7 1992 140.3 155.1 148.5 161.7 114.2 147.4 182.6 (2/) (2/) 189.0 1993 144.5 160.1 152.9 166.5 116.5 150.5 197.4 (2/) (2/) 200.1 1994 148.2 164.5 153.4 171.6 118.7 156.4 206.0 (2/) (2/) 209.6 1995 152.4 168.1 156.8 174.7 117.5 162.4 209.8 (2/) (2/) 216.8 1996 156.9 170.7 156.8 176.8 118.5 167.0 215.0 (2/) (2/) 226.5 1997 160.5 171.9 159.2 177.1 117.3 166.2 217.3 (2/) (2/) 239.0 1998 163.0 171.5 159.1 176.0 112.2 162.5 226.1 100.8 99.1 256.1 1999 166.6 173.3 162.9 175.8 105.4 162.2 231.3 101.9 104.5 275.6 2000 172.2 176.3 164.8 177.9 103.5 169.6 239.8 102.8 106.5 279.7 2001 177.1 178.4 169.5 179.1 101.0 174.5 (3/) 101.6 104.6 289.3 2002 179.9 180.3 171.9 181.2 102.6 170.9 (3/) 99.5 107.8 302.2 2003 184.0 184.5 174.9 186.2 98.5 176.4 (3/) 100.4 112.5 307.6 2004 188.9 190.6 180.2 194.3 101.2 182.4 275.9 102.3 113.5 312.4 2005 195.3 197.8 185.9 205.2 102.5 191.6 (3/) 97.8 114.3 321.0 2006 201.6 209.4 194.2 222.5 104.4 202.1 (3/) 101.1 114.0 332.1 2007 207.342 219.504 204.942 238.428 104.145 205.027 (3/) 102.572 113.967 347.499 2008 215.303 228.861 216.625 248.700 105.277 213.998 317.955 105.290 117.118 365.441 2009 214.537 230.048 224.317 249.735 112.811 200.296 321.599 105.239 122.843 395.186 2010 218.056 234.869 224.774 251.968 116.423 214.411 320.153 107.484 128.483 415.526 2011 224.939 243.622 232.656 260.606 118.394 229.223 324.180 110.473 132.248 433.536 2012 229.594 249.474 242.786 265.473 121.481 231.275 334.441 113.961 137.276 440.428 2013 232.957 253.924 250.922 269.885 119.011 233.133 345.184 116.818 139.423 447.178 2014 236.736 257.589 256.023 273.499 111.141 236.373 351.763 119.586 143.488 457.958 2015 237.017 260.165 267.041 276.047 108.893 216.756 378.876 121.840 147.869 478.634 2016 240.007 265.283 272.051 283.565 111.736 211.645 400.408 124.872 149.785 484.820 2017 245.120 272.014 277.301 294.510 115.762 217.646 407.384 125.781 144.410 488.990 2018 251.107 277.078 281.796 300.679 110.259 227.694 (3/) 128.651 142.193 497.228 2019 255.657 281.585 287.622 307.889 114.795 223.689 (3/) 130.977 143.547 504.378 2020 258.811 286.008 301.370 314.089 113.298 212.767 (3/) 135.660 147.241 498.753

1995H1 151.5 166.9 156.5 173.4 118.1 160.0 207.8 (2/) (2/) 214.4 H2 153.2 169.4 157.1 176.0 116.9 164.9 211.8 (2/) (2/) 219.2

1996H1 155.8 170.5 156.9 176.8 120.0 166.3 214.9 (2/) (2/) 220.6 H2 157.9 171.0 156.3 176.8 116.9 167.7 215.0 (2/) (2/) 232.4

1997H1 159.9 172.1 159.4 177.3 119.8 167.8 215.6 (2/) (2/) 232.5 H2 161.2 171.8 159.0 177.0 114.8 164.6 219.1 (2/) (2/) 245.5

1998H1 162.3 172.0 160.0 176.3 116.4 163.2 222.5 101.4 98.9 254.3 H2 163.7 171.0 158.2 175.7 108.0 161.8 229.8 100.3 99.3 258.0

1999H1 165.4 172.7 162.4 175.5 106.0 162.3 231.0 101.3 102.6 273.9 H2 167.8 173.8 163.5 176.0 104.9 162.0 231.5 102.5 106.4 277.3

2000H1 170.8 175.9 165.5 177.3 104.5 167.7 235.9 103.1 107.3 277.5 H2 173.6 176.7 164.1 178.5 102.6 171.5 243.8 102.6 105.6 281.9

2001H1 176.6 178.1 168.3 178.8 99.7 176.0 246.1 102.1 103.5 287.5 H2 177.5 178.7 170.7 179.3 102.3 173.0 (3/) 101.1 105.8 291.1

2002H1 178.9 180.1 172.3 180.5 106.2 171.7 (3/) 99.9 106.9 299.1 H2 180.9 180.4 171.6 181.9 99.1 170.1 266.5 99.2 108.7 305.3

2003H1 183.3 183.2 173.7 184.7 99.2 175.2 (3/) 99.3 111.1 307.0 H2 184.6 185.7 176.0 187.7 97.8 177.7 (3/) 101.5 113.8 308.2

2004H1 187.6 189.2 179.5 192.2 102.6 180.2 274.8 102.6 113.5 309.6 H2 190.2 191.9 180.9 196.3 99.9 184.6 277.0 102.0 113.6 315.2

2005H1 193.2 195.0 184.7 199.9 104.9 188.2 (3/) 98.5 115.8 318.6 H2 197.4 200.6 187.1 210.5 100.0 195.1 (3/) 97.0 112.8 323.3

2006H1 200.6 206.4 191.6 216.9 104.1 201.6 (3/) 100.9 114.3 329.5 H2 202.6 212.3 196.8 228.0 104.7 202.6 (3/) 101.3 113.7 334.7

2007H1 205.709 216.620 202.952 233.606 102.648 204.402 (3/) 102.058 112.887 343.703 H2 208.976 222.388 206.932 243.250 105.642 205.652 309.195 103.087 115.047 351.295

2008H1 214.429 227.334 212.390 246.676 105.917 215.519 317.380 105.600 115.126 361.286 H2 216.177 230.387 220.859 250.725 104.637 212.477 318.531 104.979 119.110 369.596

2009H1 213.139 228.070 224.747 248.658 114.379 191.723 322.104 105.629 120.937 388.461 H2 215.935 232.026 223.887 250.811 111.244 208.870 321.094 104.848 124.749 401.910

2010H1 217.535 233.822 224.627 250.940 116.564 213.842 321.243 106.585 125.888 406.880 H2 218.576 235.916 224.922 252.995 116.281 214.980 319.064 108.382 131.078 424.172

2011H1 223.598 241.902 230.565 258.121 119.380 228.484 321.891 110.544 130.444 435.239 H2 226.280 245.342 234.747 263.092 117.408 229.962 326.468 110.401 134.052 431.834

2012H1 228.850 248.646 241.047 263.954 122.187 233.236 333.781 113.396 135.804 440.182 H2 230.338 250.303 244.524 266.993 120.775 229.315 335.102 114.526 138.748 440.674

2013H1 232.366 253.202 250.337 269.213 119.349 232.743 343.253 116.347 138.251 446.226 H2 233.548 254.646 251.508 270.557 118.673 233.523 347.116 117.289 140.594 448.131

2014H1 236.384 255.989 252.895 271.656 112.261 237.614 348.133 119.313 141.981 450.011 H2 237.088 259.190 259.151 275.343 110.021 235.132 355.393 119.860 144.995 465.906

2015H1 236.265 257.848 263.610 274.380 109.941 217.288 364.754 120.419 146.406 473.733 H2 237.769 262.482 270.472 277.714 107.845 216.223 392.998 123.261 149.332 483.535

2016H1 238.778 264.038 272.390 281.079 110.769 210.717 399.192 124.456 150.105 483.778 H2 241.237 266.528 271.712 286.052 112.703 212.573 401.624 125.288 149.465 485.863

2017H1 244.076 270.738 275.042 292.629 117.145 216.836 405.254 125.662 144.769 489.868 H2 246.163 273.290 279.560 296.390 114.379 218.455 409.514 125.900 144.051 488.111

2018H1 250.089 275.196 280.783 297.758 113.842 226.195 (3/) 126.739 141.143 498.266 H2 252.125 278.960 282.809 303.600 106.676 229.194 (3/) 130.563 143.244 496.189

2019H1 254.412 280.666 287.519 306.722 110.653 223.172 (3/) 132.087 143.708 502.008 H2 256.903 282.503 287.726 309.055 118.937 224.207 (3/) 129.866 143.387 506.748

2020H1 257.557 285.086 295.141 314.817 116.103 213.051 (3/) 135.648 145.073 494.813 H2 260.065 286.931 307.600 313.361 110.493 212.484 437.550 135.671 149.410 502.693

Data on U.S. CPI are released monthly and Honolulu CPI, twice a year in February and August for the half (H) year previous through August 2015. Beginning with the 2nd half and annual average for 2015 data were released in January and will be in January and July henceforth. 1/ The U.S. Bureau of Labor Statistics (BLS) renamed the Honolulu CPI to Urban Hawaii CPI starting in 2018. Since there are no changes in the scope and methodology for the CPI data collection, Honolulu CPI continues to be used in this publication for a data consistency purpose. 2/ New indexes as of January 1998. Base period is December 1997. The former "Entertainment" index has been discontinued. 3/ No data were available or data did not meet U.S. Bureau of Labor Statistics' publication criteria. Source: U.S. Bureau of Labor Statistics, Consumer Price Index-All Urban Consumers (Current Series) <http://data.bls.gov/cgi-bin/dsrv> accessed January 13, 2021.


http://data.bls.gov/cgi-bin/dsrv


Table B-14. HONOLULU and U.S. CONSUMER PRICE INDEX,ALL URBAN CONSUMERS (CPI-U) - Con.

Honolulu 1/

Period U.S. All ItemsFood &

Beverages Housing ApparelTranspor-

tation Medical CareRecre- ation

1/Educ. &

Comm. 1/Other Goods &

Services


1991 4.2 7.2 5.9 8.0 3.3 6.3 11.1 (2/) (2/) 9.5 1992 3.0 4.8 1.8 5.8 3.3 5.8 6.6 (2/) (2/) 7.6 1993 3.0 3.2 3.0 3.0 2.0 2.1 8.1 (2/) (2/) 5.9 1994 2.6 2.7 0.3 3.1 1.9 3.9 4.4 (2/) (2/) 4.7 1995 2.8 2.2 2.2 1.8 -1.0 3.8 1.8 (2/) (2/) 3.4 1996 3.0 1.5 0.0 1.2 0.9 2.8 2.5 (2/) (2/) 4.5 1997 2.3 0.7 1.5 0.2 -1.0 -0.5 1.1 (2/) (2/) 5.5 1998 1.6 -0.2 -0.1 -0.6 -4.3 -2.2 4.0 (2/) (2/) 7.2 1999 2.2 1.0 2.4 -0.1 -6.1 -0.2 2.3 1.1 5.4 7.6 2000 3.4 1.7 1.2 1.2 -1.8 4.6 3.7 0.9 1.9 1.5 2001 2.8 1.2 2.9 0.7 -2.4 2.9 (3/) -1.2 -1.8 3.4 2002 1.6 1.1 1.4 1.2 1.6 -2.1 (3/) -2.1 3.1 4.5 2003 2.3 2.3 1.7 2.8 -4.0 3.2 (3/) 0.9 4.4 1.8 2004 2.7 3.3 3.0 4.4 2.7 3.4 (3/) 1.9 0.9 1.6 2005 3.4 3.8 3.2 5.6 1.3 5.0 (3/) -4.4 0.7 2.8 2006 3.2 5.9 4.5 8.4 1.9 5.5 (3/) 3.4 -0.3 3.5 2007 2.8 4.8 5.5 7.2 -0.2 1.4 (3/) 1.5 0.0 4.6 2008 3.8 4.3 5.7 4.3 1.1 4.4 (3/) 2.6 2.8 5.2 2009 -0.4 0.5 3.6 0.4 7.2 -6.4 1.1 0.0 4.9 8.1 2010 1.6 2.1 0.2 0.9 3.2 7.0 -0.4 2.1 4.6 5.1 2011 3.2 3.7 3.5 3.4 1.7 6.9 1.3 2.8 2.9 4.3 2012 2.1 2.4 4.4 1.9 2.6 0.9 3.2 3.2 3.8 1.6 2013 1.5 1.8 3.4 1.7 -2.0 0.8 3.2 2.5 1.6 1.5 2014 1.6 1.4 2.0 1.3 -6.6 1.4 1.9 2.4 2.9 2.4 2015 0.1 1.0 4.3 0.9 -2.0 -8.3 7.7 1.9 3.1 4.5 2016 1.3 2.0 1.9 2.7 2.6 -2.4 5.7 2.5 1.3 1.3 2017 2.1 2.5 1.9 3.9 3.6 2.8 1.7 0.7 -3.6 0.9 2018 2.4 1.9 1.6 2.1 -4.8 4.6 (3/) 2.3 -1.5 1.7 2019 1.8 1.6 2.1 2.4 4.1 -1.8 (3/) 1.8 1.0 1.4 2020 1.2 1.6 4.8 2.0 -1.3 -4.9 (3/) 3.6 2.6 -1.1

1996H1 2.8 2.2 0.3 2.0 1.6 3.9 3.4 (2/) (2/) 2.9 H2 3.1 0.9 -0.5 0.5 0.0 1.7 1.5 (2/) (2/) 6.0

1997H1 2.6 0.9 1.6 0.3 -0.2 0.9 0.3 (2/) (2/) 5.4 H2 2.1 0.5 1.7 0.1 -1.8 -1.8 1.9 (2/) (2/) 5.6

1998H1 1.5 -0.1 0.4 -0.6 -2.8 -2.7 3.2 (2/) (2/) 9.4 H2 1.6 -0.5 -0.5 -0.7 -5.9 -1.7 4.9 (2/) (2/) 5.1

1999H1 1.9 0.4 1.5 -0.5 -8.9 -0.6 3.8 -0.1 3.7 7.7 H2 2.5 1.6 3.4 0.2 -2.9 0.1 0.7 2.2 7.2 7.5

2000H1 3.3 1.9 1.9 1.0 -1.4 3.3 2.1 1.8 4.6 1.3 H2 3.5 1.7 0.4 1.4 -2.2 5.9 5.3 0.1 -0.8 1.7

2001H1 3.4 1.3 1.7 0.8 -4.6 4.9 4.3 -1.0 -3.5 3.6 H2 2.2 1.1 4.0 0.4 -0.3 0.9 (3/) -1.5 0.2 3.3

2002H1 1.3 1.1 2.4 1.0 6.5 -2.4 (3/) -2.2 3.3 4.0 H2 1.9 1.0 0.5 1.5 -3.1 -1.7 (3/) -1.9 2.7 4.9

2003H1 2.5 1.7 0.8 2.3 -6.6 2.0 (3/) -0.6 3.9 2.6 H2 2.0 2.9 2.6 3.2 -1.3 4.5 (3/) 2.3 4.7 0.9

2004H1 2.3 3.3 3.3 4.1 3.4 2.9 (3/) 3.3 2.2 0.8 H2 3.0 3.3 2.8 4.6 2.1 3.9 (3/) 0.5 -0.2 2.3

2005H1 3.0 3.1 2.9 4.0 2.2 4.4 (3/) -4.0 2.0 2.9 H2 3.8 4.5 3.4 7.2 0.1 5.7 (3/) -4.9 -0.7 2.6

2006H1 3.8 5.8 3.7 8.5 -0.8 7.1 (3/) 2.4 -1.3 3.4 H2 2.6 5.8 5.2 8.3 4.7 3.8 (3/) 4.4 0.8 3.5

2007H1 2.5 5.0 5.9 7.7 -1.4 1.4 (3/) 1.1 -1.2 4.3 H2 3.1 4.8 5.1 6.7 0.9 1.5 (3/) 1.8 1.2 5.0

2008H1 4.2 4.9 4.7 5.6 3.2 5.4 (3/) 3.5 2.0 5.1 H2 3.4 3.6 6.7 3.1 -1.0 3.3 3.0 1.8 3.5 5.2

2009H1 -0.6 0.3 5.8 0.8 8.0 -11.0 1.5 0.0 5.0 7.5 H2 -0.1 0.7 1.4 0.0 6.3 -1.7 0.8 -0.1 4.7 8.7

2010H1 2.1 2.5 -0.1 0.9 1.9 11.5 -0.3 0.9 4.1 4.7 H2 1.2 1.7 0.5 0.9 4.5 2.9 -0.6 3.4 5.1 5.5

2011H1 2.8 3.5 2.6 2.9 2.4 6.8 0.2 3.7 3.6 7.0 H2 3.5 4.0 4.4 4.0 1.0 7.0 2.3 1.9 2.3 1.8

2012H1 2.3 2.8 4.5 2.3 2.4 2.1 3.7 2.6 4.1 1.1 H2 1.8 2.0 4.2 1.5 2.9 -0.3 2.6 3.7 3.5 2.0

2013H1 1.5 1.8 3.9 2.0 -2.3 -0.2 2.8 2.6 1.8 1.4 H2 1.4 1.7 2.9 1.3 -1.7 1.8 3.6 2.4 1.3 1.7

2014H1 1.7 1.1 1.0 0.9 -5.9 2.1 1.4 2.5 2.7 0.8 H2 1.5 1.8 3.0 1.8 -7.3 0.7 2.4 2.2 3.1 4.0

2015H1 -0.1 0.7 4.2 1.0 -2.1 -8.6 4.8 0.9 3.1 5.3 H2 0.3 1.3 4.4 0.9 -2.0 -8.0 10.6 2.8 3.0 3.8

2016H1 1.1 2.4 3.3 2.4 0.8 -3.0 9.4 3.4 2.5 2.1 H2 1.5 1.5 0.5 3.0 4.5 -1.7 2.2 1.6 0.1 0.5

2017H1 2.2 2.5 1.0 4.1 5.8 2.9 1.5 1.0 -3.6 1.3 H2 2.0 2.5 2.9 3.6 1.5 2.8 2.0 0.5 -3.6 0.5

2018H1 2.5 1.6 2.1 1.8 -2.8 4.3 (3/) 0.9 -2.5 1.7 H2 2.4 2.1 1.2 2.4 -6.7 4.9 (3/) 3.7 -0.6 1.7

2019H1 1.7 2.0 2.4 3.0 -2.8 -1.3 (3/) 4.2 1.8 0.8 H2 1.9 1.3 1.7 1.8 11.5 -2.2 (3/) -0.5 0.1 2.1

2020H1 1.2 1.6 2.7 2.6 4.9 -4.5 (3/) 2.7 0.9 -1.4 H2 1.2 1.6 6.9 1.4 -7.1 -5.2 (3/) 4.5 4.2 -0.8

Data on U.S. CPI are released monthly and Honolulu CPI, twice a year in February and August for the half (H) year previous through August 2015. Beginning with the 2nd half and annual average for 2015 data were released in January and will be in January and July henceforth. 1/ The U.S. Bureau of Labor Statistics (BLS) renamed the Honolulu CPI to Urban Hawaii CPI starting in 2018. Since there are no changes in the scope and methodology for the CPI data collection, Honolulu CPI continues to be used in this publication for a data consistency purpose. 2/ New indexes as of January 1998. Base period is December 1997. The former "Entertainment" index has been discontinued. 3/ No data were available or data did not meet U.S. Bureau of Labor Statistics' publication criteria. Source: U.S. Bureau of Labor Statistics, Consumer Price Index-All Urban Consumers (Current Series) <http://data.bls.gov/cgi-bin/dsrv> accessed January 13, 2021.


http://data.bls.gov/cgi-bin/dsrv


C. TAX REVENUES

The State general fund tax revenues decreased in the first quarter of 2021 compared to the same quarter of 2020.1 Among the components shown, GET and the Transient Accommodations Tax (TAT) decreased while Net Corporate Income Tax and Net Individual Income Tax increased in the quarter.

In the first quarter of 2021, total tax

collections distributed to the State general fund totaled $1,599.0 million, a decrease of $192.0 million or 10.7 percent over the same quarter of 2020 (Tables C-1 and C-2). In 2020, State general fund tax revenues decreased $901.5 million or 12.3 percent over the previous year.

During the first quarter of 2021, GET revenues (excluding the Honolulu County Surcharge) totaled $793.4 million, a decrease of $177.8 million or 18.3 percent over the same quarter of 2020 (Table C-3). In 2020, GET revenues decreased $563.4 million or 15.6 percent from the previous year.

Compared to the first quarter of 2020, Net Individual Income Tax revenues increased $97.4 million or 17.4 percent to $657.4 million in the first quarter of 2021 (Table C-4). In the first quarter of 2021, Declaration of Estimated Taxes increased $13.8 million or 6.9 percent (Table C-5), Payments with Returns increased

1 When interpreting tax figures in conjunction with other quarterly data in this report, it should be kept in mind that the tax data represent collections during the quarter. The transactions on which the taxes were paid did not necessarily take place during the quarter.

$19.4 million or 46.3 percent (Table C-6), Revenues from Withholding Tax on Wages decreased $9.4 million or 1.6 percent (Table C-7), and Refunds decreased $73.6 million or 29.0 percent (Table C-8). In 2020, Net Individual Income Tax collections decreased $86.2 million or 3.2 percent from the previous year.

Net Corporate Income Tax revenues, which tend to be volatile by nature, changed from negative $24.9 million in the first quarter of 2020 to negative $1.4 million in the first quarter of 2021 (Table C-9). In the first quarter of 2021, the Declaration of Estimated Taxes increased 0.1 percent (Table C-10), the Payment with Returns increased $1.2 million (Table C-11), and the Refunds decreased $22.2 million or 34.2 percent (Table C-12), compared with the same quarter of 2020. In 2020, Net Corporate Income Tax revenues decreased $95.9 million or 69.9 percent from the previous year.

In the first quarter of 2021, Transient Accommodations Tax (TAT) revenues decreased $136.8 million or 69.4 percent compared to the same quarter of 2020 (Table C-13). In 2020, TAT revenues decreased $355.4 million or 55.8 percent from the previous year.



Table C-1. GENERAL FUND TAX REVENUES AND MAJOR COMPONENTS

YearGeneral Exciseand Use Tax

Net IndividualIncome Tax 1/

Net CorporateIncome Tax 2/

Tax Revenues Distributed to State

General Fund

In Thousands of Dollars

1990 1,250,204 743,114 86,269 2,246,752 1991 1,287,818 900,962 70,568 2,397,289 1992 1,299,814 922,206 42,737 2,523,670 1993 1,308,797 951,405 22,239 2,555,912 1994 1,347,945 1,003,479 34,228 2,672,291 1995 1,386,684 918,811 37,336 2,614,713 1996 1,469,766 995,456 51,243 2,799,972 1997 1,433,012 985,000 55,594 2,756,621 1998 1,436,654 1,093,241 50,112 2,889,291 1999 1,454,778 1,053,858 47,692 2,841,290 2000 1,611,446 1,080,371 67,650 3,067,622 2001 1,660,764 1,100,317 48,269 3,172,250 2002 1,679,840 1,059,646 55,373 3,116,029 2003 3/ 1,820,498 1,071,356 5,189 3,211,431 2004 1,991,539 1,235,721 75,171 3,652,686 2005 2,263,393 1,447,744 132,589 4,252,231 2006 2,457,379 1,576,674 86,975 4,522,261 2007 2,623,514 1,579,138 80,014 4,683,086 2008 2,567,821 1,564,708 76,602 4,608,569 2009 2,296,288 1,267,602 36,683 4,018,215 2010 2,379,942 1,375,120 52,815 4,312,342 2011 2,588,488 1,460,621 19,548 4,662,521 2012 2,844,741 1,651,212 112,695 5,259,149 2013 2,907,622 1,745,615 135,338 5,451,640 2014 2,979,776 1,820,693 65,746 5,535,709 2015 3,141,489 2,054,098 76,462 5,998,615 2016 3,205,733 2,118,219 89,697 6,215,407 2017 3/ 4/ 3,349,822 2,263,183 64,901 6,484,975 2018 3/ 4/ 3,426,525 2,523,786 126,138 6,933,078 2019 3,602,222 2,683,592 137,143 7,316,550 2020 5/ 3,038,781 2,597,385 41,288 6,415,089 2002 1 Qtr. 395,795 266,388 18,655 761,922

2 Qtr. 400,462 255,030 25,751 757,798 3 Qtr. 473,241 266,331 4,267 820,290 4 Qtr. 410,341 271,897 6,700 776,019

2003 1 Qtr. 455,018 254,081 -25,417 772,047 2 Qtr. 454,098 245,799 22,712 813,686

3/ 3 Qtr. 473,268 274,359 8,154 819,182 4 Qtr. 438,113 297,117 -260 806,515

2004 1 Qtr. 506,097 261,760 12,022 874,018 2 Qtr. 482,899 335,713 36,737 946,670 3 Qtr. 519,129 325,902 15,156 946,218 4 Qtr. 483,415 312,346 11,257 885,780

2005 1 Qtr. 579,475 338,591 12,413 1,054,797 2 Qtr. 554,585 404,642 46,779 1,110,743 3 Qtr. 579,607 361,900 67,092 1,099,688 4 Qtr. 549,727 342,612 6,305 987,002

2006 1 Qtr. 638,194 355,719 1,330 1,106,472 2 Qtr. 587,788 490,365 55,282 1,241,830 3 Qtr. 605,813 361,508 22,781 1,076,795 4 Qtr. 625,584 369,081 7,582 1,097,164

2007 1 Qtr. 662,362 341,183 9,136 1,116,467 2 Qtr. 662,003 488,514 42,336 1,295,154 3 Qtr. 646,384 379,033 27,297 1,146,614 4 Qtr. 652,765 370,408 1,245 1,124,851

2008 1 Qtr. 678,489 336,354 14,593 1,138,545 2 Qtr. 641,149 459,040 41,946 1,231,862 3 Qtr. 655,075 382,982 17,117 1,161,528 4 Qtr. 593,107 386,333 2,945 1,076,634

2009 1 Qtr. 589,891 265,502 9,201 954,075 2 Qtr. 579,506 304,239 24,259 1,010,064 3 Qtr. 577,836 357,169 12,451 1,051,792 4 Qtr. 549,055 340,692 -9,229 1,002,283

2010 1 Qtr. 616,777 428,586 18,696 1,192,489 2 Qtr. 572,766 401,662 37,267 1,117,994 3 Qtr. 611,575 165,284 1,752 908,912 4 Qtr. 578,824 379,587 -4,900 1,092,946

2011 1 Qtr. 652,857 289,893 -8,202 1,068,341 2 Qtr. 652,551 412,388 45,923 1,259,112 3 Qtr. 655,038 395,424 10,662 1,215,241 4 Qtr. 628,042 362,916 -28,835 1,119,826

2012 1 Qtr. 711,092 276,663 33,542 1,186,786 2 Qtr. 703,779 506,048 57,658 1,455,995 3 Qtr. 738,753 435,471 21,335 1,346,738 4 Qtr. 691,117 433,030 160 1,269,630

2013 1 Qtr. 757,923 351,323 14,909 1,282,926 2 Qtr. 756,693 516,183 64,584 1,572,719 3 Qtr. 698,689 454,022 39,471 1,311,027 4 Qtr. 694,316 424,087 16,374 1,284,968

2014 1 Qtr. 746,724 346,914 -11,265 1,286,988 2 Qtr. 740,811 520,787 42,441 1,487,285 3 Qtr. 754,466 453,178 15,558 1,348,688 4 Qtr. 737,774 499,814 19,012 1,412,748

2015 1 Qtr. 782,302 464,230 9,632 1,444,563 2 Qtr. 773,665 570,972 8,118 1,529,142 3 Qtr. 831,149 520,447 50,082 1,593,064 4 Qtr. 754,374 498,450 8,630 1,431,846

2016 1 Qtr. 818,316 495,998 -17,278 1,504,155 2 Qtr. 802,314 601,965 51,601 1,665,290 3 Qtr. 801,115 509,507 18,476 1,545,715 4 Qtr. 783,988 510,748 36,898 1,500,247

2017 1 Qtr. 831,893 556,351 -31,911 1,575,636 2 Qtr. 822,229 616,196 53,298 1,693,618

3/ 4/ 3 Qtr. 901,033 539,171 35,995 1,691,534 3/ 4/ 4 Qtr. 794,667 551,465 7,520 1,524,187

2018 3/ 4/ 1 Qtr. 959,068 508,708 19,302 1,710,827 3/ 4/ 2 Qtr. 740,798 858,475 40,839 1,869,488

3 Qtr. 880,361 579,322 22,188 1,697,744 4 Qtr. 846,297 577,281 43,810 1,655,019

2019 1 Qtr. 916,354 524,252 17,491 1,688,188 2 Qtr. 898,376 887,762 80,188 2,100,839 3 Qtr. 923,136 659,199 26,198 1,852,368 4 Qtr. 864,355 612,379 13,267 1,675,155

2020 1 Qtr. 971,273 560,056 -24,900 1,791,047 2 Qtr. 677,373 528,181 -6,157 1,376,238 3 Qtr. 696,048 915,885 43,710 1,793,371

5/ 4 Qtr. 694,087 593,262 28,637 1,454,433 2021 1 Qtr. 793,430 657,418 -1,423 1,599,011

1/ Declaration of estimated taxes, plus payments with returns, plus withholding tax on wages, less refunds. Individual income tax rates changed effective January 1, 1999, 2001 and 2002. 2/ Declaration of estimated taxes, plus payments with returns, less refunds. 3/ Net Individual Income Tax revised from previous QSER. 4/ Net Corporate Income Tax revised from previous QSER. 5/ Tax Revenues Distributed to State General Fund revised from previous QSER. Source: Hawaii State Department of Taxation and <http://www.hawaii.gov/tax/a5_3txcolrpt.htm>.




Table C-1. GENERAL FUND TAX REVENUES AND MAJOR COMPONENTS - Con.

YearGeneral Excise

and Use TaxNet IndividualIncome Tax 1/

Net CorporateIncome Tax 2/

Tax Revenues Distributed to State

General Fund

Percentage Change from the Same Period in Previous Year 1991 3.0 21.2 -18.2 6.7 1992 0.9 2.4 -39.4 5.3 1993 0.7 3.2 -48.0 1.3 1994 3.0 5.5 53.9 4.6 1995 2.9 -8.4 9.1 -2.2 1996 6.0 8.3 37.2 7.1 1997 -2.5 -1.1 8.5 -1.5 1998 0.3 11.0 -9.9 4.8 1999 1.3 -3.6 -4.8 -1.7 2000 10.8 2.5 41.8 8.0 2001 3.1 1.8 -28.6 3.4 2002 1.1 -3.7 14.7 -1.8 2003 3/ 8.4 1.1 -90.6 3.1 2004 3/ 9.4 15.3 1,348.7 13.7 2005 13.7 17.2 76.4 16.4 2006 8.6 8.9 -34.4 6.4 2007 6.8 0.2 -8.0 3.6 2008 -2.1 -0.9 -4.3 -1.6 2009 -10.6 -19.0 -52.1 -12.8 2010 3.6 8.5 44.0 7.3 2011 8.8 6.2 -63.0 8.1 2012 9.9 13.0 476.5 12.8 2013 2.2 5.7 20.1 3.7 2014 2.5 4.3 -51.4 1.5 2015 5.4 12.8 16.3 8.4 2016 2.0 3.1 17.3 3.6 2017 3/ 4/ 4.5 6.8 -27.6 4.3 2018 3/ 4/ 2.3 11.5 94.4 6.9 2019 3/ 4/ 5.1 6.3 8.7 5.5 2020 5/ -15.6 -3.2 -69.9 -12.3 2003 1 Qtr. 15.0 -4.6 (6/) 1.3

2 Qtr. 13.4 -3.6 -11.8 7.4 3/ 3 Qtr. 0.0 3.0 91.1 -0.1

4 Qtr. 6.8 9.3 -103.9 3.9 2004 1 Qtr. 11.2 3.0 (6/) 13.2

2 Qtr. 6.3 36.6 61.7 16.3 3/ 3 Qtr. 9.7 18.8 85.9 15.5

4 Qtr. 10.3 5.1 (6/) 9.8 2005 1 Qtr. 14.5 29.4 3.2 20.7

2 Qtr. 14.8 20.5 27.3 17.3 3 Qtr. 11.6 11.0 342.7 16.2 4 Qtr. 13.7 9.7 -44.0 11.4

2006 1 Qtr. 10.1 5.1 -89.3 4.9 2 Qtr. 6.0 21.2 18.2 11.8 3 Qtr. 4.5 -0.1 -66.0 -2.1 4 Qtr. 13.8 7.7 20.2 11.2

2007 1 Qtr. 3.8 -4.1 586.7 0.9 2 Qtr. 12.6 -0.4 -23.4 4.3 3 Qtr. 6.7 4.8 19.8 6.5 4 Qtr. 4.3 0.4 -83.6 2.5

2008 1 Qtr. 2.4 -1.4 59.7 2.0 2 Qtr. -3.2 -6.0 -0.9 -4.9 3 Qtr. 1.3 1.0 -37.3 1.3 4 Qtr. -9.1 4.3 136.6 -4.3

2009 1 Qtr. -13.1 -21.1 -36.9 -16.2 2 Qtr. -9.6 -33.7 -42.2 -18.0 3 Qtr. -11.8 -6.7 -27.3 -9.4 4 Qtr. -7.4 -11.8 (6/) -6.9

2010 1 Qtr. 4.6 61.4 103.2 25.0 2 Qtr. -1.2 32.0 53.6 10.7 3 Qtr. 5.8 -53.7 -85.9 -13.6 4 Qtr. 5.4 11.4 (6/) 9.0

2011 1 Qtr. 5.8 -32.4 (6/) -10.4 2 Qtr. 13.9 2.7 23.2 12.6 3 Qtr. 7.1 139.2 508.6 33.7 4 Qtr. 8.5 -4.4 (6/) 2.5

2012 1 Qtr. 8.9 -4.6 (6/) 11.1 2 Qtr. 7.9 22.7 25.6 15.6 3 Qtr. 12.8 10.1 100.1 10.8 4 Qtr. 10.0 19.3 -100.6 13.4

2013 1 Qtr. 6.6 27.0 -55.6 8.1 2 Qtr. 7.5 2.0 12.0 8.0 3 Qtr. -5.4 4.3 85.0 -2.7 4 Qtr. 0.5 -2.1 10,135.3 1.2

2014 1 Qtr. -1.5 -1.3 (6/) 0.3 2 Qtr. -2.1 0.9 -34.3 -5.4 3 Qtr. 8.0 -0.2 -60.6 2.9 4 Qtr. 6.3 17.9 16.1 9.9

2015 1 Qtr. 4.8 33.8 (6/) 12.2 2 Qtr. 4.4 9.6 -80.9 2.8 3 Qtr. 10.2 14.8 221.9 18.1 4 Qtr. 2.3 -0.3 -54.6 1.4

2016 1 Qtr. 4.6 6.8 (6/) 4.1 2 Qtr. 3.7 5.4 535.7 8.9 3 Qtr. -3.6 -2.1 -63.1 -3.0 4 Qtr. 3.9 2.5 327.5 4.8

2017 1 Qtr. 1.7 12.2 (6/) 4.8 2 Qtr. 2.5 2.4 3.3 1.7

3/ 4/ 3 Qtr. 12.5 5.8 73.9 9.4 3/ 4/ 4 Qtr. 1.4 8.0 (6/) 1.6

2018 3/ 4/ 1 Qtr. 15.3 -8.6 (6/) 8.6 3/ 4/ 2 Qtr. -9.9 39.3 -36.8 10.4 3/ 4/ 3 Qtr. -2.3 7.4 -31.0 0.4 3/ 4/ 4 Qtr. 6.5 4.7 (6/) 8.6

2019 3/ 4/ 1 Qtr. -4.5 3.1 20.1 -1.3 3/ 4/ 2 Qtr. 21.3 3.4 137.9 12.4

3 Qtr. 4.9 13.8 18.1 9.1 4 Qtr. 2.1 6.1 -69.7 1.2

2020 1 Qtr. 6.0 6.8 (6/) 6.1 2 Qtr. -24.6 -40.5 (6/) -34.5 3 Qtr. -24.6 38.9 66.8 -3.2

5/ 4 Qtr. -19.7 -3.1 115.9 -13.2 2021 1 Qtr. -18.3 17.4 -94.3 -10.7

1/ Declaration of estimated taxes, plus payments with returns, plus withholding tax on wages, less refunds. Individual income tax rates changed effective January 1, 1999, 2001 and 2002. 2/ Declaration of estimated taxes, plus payments with returns, less refunds. 3/ Net Individual Income Tax revised from previous QSER. 4/ Net Corporate Income Tax revised from previous QSER. 5/ Tax Revenues Distributed to State General Fund revised from previous QSER. 6/ Percentage changes involving negative values not meaningful. Source: Hawaii State Department of Taxation and <http://www.hawaii.gov/tax/a5_3txcolrpt.htm>.




D. TOURISM

Due to the impact of COVID-19, domestic visitor arrivals and international visitor arrivals both decreased in the first quarter of 2021. Due to longer lengths of stay, the daily visitor census decreased less than the decrease of visitor arrivals in the quarter.

The total number of visitor arrivals by air decreased

1,248,651 or 59.6 percent in the first quarter of 2021, compared to the same quarter of 2020 (Table D-2). The total average daily census was down 110,030 or 51.6 percent in the quarter. In 2020, total visitor arrivals by air decreased 7,556,762 or 73.8 percent, while the average daily census decreased 167,700 or 68.2 percent from the previous year.

In the first quarter of 2021, total visitor arrivals on

domestic flights decreased 643,959 or 43.4 percent compared to the same quarter of 2020 (Table D-3). In 2020, domestic arrivals were down 5,191,164 or 71.6 percent from the previous year.

Arrivals on international flights decreased 604,692

or 98.8 percent in the first quarter of 2021 compared to the first quarter of 2020 (Table D-4). In 2020, international arrivals decreased 2,365,598 or 79.1 percent from the previous year.

In terms of major market areas, from the first

quarter of 2020 to the same period of 2021, arrivals from the U.S. West decreased 335,885 or 37.0 percent (Table D-5), arrivals from the U.S. East decreased 266,459 or 51.8 percent (Table D-6), and arrivals from Japan decreased 291,318 or 99.0 percent (Table D-7). In 2020, arrivals from the U.S. West were down 3,288,931 or 71.6 percent; arrivals from the U.S. East were down 1,600,460 or 70.3 percent; and Japanese arrivals were down 1,278,962 or 81.1 percent from the previous year.

In the first quarter of 2021, the length of stay per

visitor increased. Due to the longer length of stay, the average total daily visitor census decreased less than

the decrease in visitor arrivals in the quarter. The total average daily visitor census was down 51.6 percent or 110,030 visitors per day in the first quarter of 2021, over the same quarter of 2020 (Table D-8). The domestic average daily census decreased 35.8 percent or 56,464 visitors per day (Table D-9), while the international average daily census decreased 96.4 percent or 53,567 visitors per day (Table D-10). In 2020, the domestic average daily census decreased 118,580 or 65.1 percent; and the international average daily census declined 49,119 or 77.4 percent from the previous year.

According to the most recent data available,

nominal visitor expenditures by air totaled $3,879.4 million in the first quarter of 2020, down 13.4 percent or $601.6 million from the same quarter of 2019 (Table D-11). In 2019, visitor expenditures increased $193.3 million or 1.1 percent from the previous year.

Total airline capacity, as measured by the number

of available seats flown to Hawaii, decreased 45.0 percent or 1,464,726 seats (Table D-12) in the first quarter of 2021, domestic seats decreased 27.8 percent or 658,535 seats (Table D-13); international seats declined 91.3 percent or 806,191 seats (Table D-14), compared to the same quarter of 2020. In 2020, the number of total available seats decreased 60.6 percent or 8,194,218 seats from the previous year.

In the first quarter of 2021, the statewide hotel

occupancy rate averaged 32.4 percent, 38.0 percentage points lower than the same quarter of 2020 (Table D-15). In 2020, the statewide hotel occupancy rate averaged 37.1 percent, 43.7 percentage points lower than that of the previous year.

Readers interested in visitor statistics on a monthly

basis can find them on the DBEDT website: http://dbedt.hawaii.gov/visitor/ and those interested in daily passenger arrival data at: http://dbedt.hawaii.gov/visitor/daily-passenger-counts/.


http://dbedt.hawaii.gov/visitor/

http://dbedt.hawaii.gov/visitor/daily-passenger-counts/


Table D-1. VISITOR ARRIVALS AND AVERAGE DAILY VISITOR CENSUS - BY AIR

Visitor Arrivals 1/ Average Daily Visitor Census

Year Total Domestic International Total Domestic International

1990 6,723,531 4,315,161 2,408,370 154,517 113,066 41,450 1991 6,518,460 4,068,508 2,449,952 147,323 105,686 41,637 1992 6,473,669 3,791,945 2,681,724 152,249 106,589 45,660 1993 6,070,995 3,570,059 2,500,936 147,498 100,430 47,068 1994 6,364,674 3,813,279 2,551,395 156,630 107,904 48,726 1995 6,546,759 3,743,474 2,803,285 157,098 105,649 51,450 1996 6,723,141 3,794,113 2,929,028 158,297 106,404 51,892 1997 6,761,135 3,890,798 2,870,337 157,187 108,019 49,168 1998 6,595,790 4,014,140 2,581,650 157,389 112,068 45,320 1999 6,741,037 4,255,621 2,485,416 164,439 117,998 46,441 2000 6,948,595 4,446,936 2,501,659 168,637 123,442 45,196 2001 6,303,789 4,224,321 2,079,468 158,247 118,106 40,141 2002 6,389,059 4,358,851 2,030,208 160,195 121,029 39,165 2003 6,380,439 4,531,289 1,849,150 161,048 123,389 37,659 2004 6,912,094 4,892,960 2,019,134 171,481 132,355 39,126 2005 7,416,574 5,313,281 2,103,293 185,445 144,396 41,049 2006 7,528,106 5,550,125 1,977,981 189,441 149,545 39,895 2007 7,496,820 5,582,530 1,914,290 189,412 150,960 38,452 2008 6,713,436 4,901,893 1,811,543 172,487 135,239 37,248 2009 6,420,448 4,672,001 1,748,447 165,082 129,100 35,983 2010 6,916,894 4,957,352 1,959,542 177,949 136,407 41,542 2011 7,174,397 5,127,291 2,047,106 185,824 142,027 43,797 2012 7,867,143 5,403,025 2,464,118 201,267 148,887 52,380 2013 8,003,474 5,405,300 2,598,174 202,876 149,213 53,663 2014 8,196,342 5,486,059 2,710,283 206,217 151,076 55,141 2015 8,563,018 5,782,140 2,780,878 213,934 156,026 57,908 2016 8,821,802 5,968,779 2,853,023 217,675 157,953 59,723 2017 9,277,613 6,239,748 3,037,865 229,063 164,273 64,791 2018 9,761,448 6,736,736 3,024,712 240,341 174,611 65,731 2019 10,243,165 7,253,806 2,989,359 245,733 182,288 63,445 2020 2/ 2,686,403 2,062,642 623,761 78,033 63,708 14,326

2001 1 Qtr. 1,715,088 1,079,787 635,301 176,954 126,606 50,348 2 Qtr. 1,673,990 1,129,578 544,413 159,596 120,781 38,816 3 Qtr. 1,647,049 1,091,324 555,725 162,674 119,887 42,787 4 Qtr. 1,267,662 923,632 344,030 134,185 105,365 28,821

2002 1 Qtr. 1,537,636 1,042,844 494,792 162,745 122,622 40,124 2 Qtr. 1,583,029 1,115,788 467,241 153,178 119,430 33,749 3 Qtr. 1,694,239 1,170,113 524,126 167,584 126,274 41,310 4 Qtr. 1,574,155 1,030,106 544,049 157,250 115,809 41,441

2003 1 Qtr. 1,562,878 1,049,338 513,540 163,475 118,886 44,588 2 Qtr. 1,501,363 1,168,919 332,444 150,775 123,760 27,016 3 Qtr. 1,719,130 1,234,881 484,249 171,357 131,942 39,415 4 Qtr. 1,597,067 1,078,150 518,917 158,528 118,874 39,654

2004 1 Qtr. 1,639,213 1,138,607 500,606 171,479 128,237 43,242 2 Qtr. 1,712,588 1,252,707 459,881 164,897 131,766 33,132 3 Qtr. 1,852,939 1,318,363 534,576 180,936 140,130 40,806 4 Qtr. 1,707,354 1,183,283 524,071 168,540 129,234 39,306

2005 1 Qtr. 1,821,151 1,279,704 541,447 192,126 146,732 45,394 2 Qtr. 1,787,046 1,304,549 482,497 172,635 137,683 34,952 3 Qtr. 1,995,901 1,452,425 543,476 196,484 153,816 42,667 4 Qtr. 1,812,476 1,276,603 535,873 180,542 139,332 41,209

2006 1 Qtr. 1,836,867 1,300,840 536,027 198,665 149,596 49,069 2 Qtr. 1,865,545 1,410,404 455,141 180,356 147,415 32,942 3 Qtr. 1,992,088 1,496,473 495,615 195,968 156,511 39,457 4 Qtr. 1,833,607 1,342,409 491,198 182,876 144,638 38,238

2007 1 Qtr. 1,826,527 1,323,255 503,272 193,365 149,663 43,701 2 Qtr. 1,856,609 1,434,445 422,164 184,702 150,976 33,726 3 Qtr. 2,002,719 1,491,746 510,973 195,509 156,793 38,716 4 Qtr. 1,810,966 1,333,085 477,881 184,106 146,380 37,727

2008 1 Qtr. 1,841,516 1,347,836 493,680 196,032 152,981 43,051 2 Qtr. 1,668,379 1,251,941 416,438 166,503 134,204 32,299 3 Qtr. 1,670,428 1,202,383 468,045 167,502 129,701 37,801 4 Qtr. 1,533,113 1,099,733 433,380 160,101 124,250 35,851

2009 1 Qtr. 1,568,857 1,106,530 462,327 169,946 130,386 39,561 2 Qtr. 1,595,081 1,232,085 362,996 161,808 130,589 31,219 3 Qtr. 1,715,358 1,253,208 462,150 169,752 133,326 36,426 4 Qtr. 1,541,152 1,080,178 460,974 158,893 122,142 36,751

2010 1 Qtr. 1,638,407 1,118,852 519,555 177,714 131,507 46,207 2 Qtr. 1,696,892 1,261,393 435,499 169,223 133,002 36,221 3 Qtr. 1,856,948 1,351,315 505,633 186,931 144,558 42,373 4 Qtr. 1,724,647 1,225,792 498,855 177,829 136,417 41,412

2011 1 Qtr. 1,781,445 1,241,338 540,107 196,827 146,802 50,025 2 Qtr. 1,724,205 1,297,685 426,520 173,967 138,108 35,858 3 Qtr. 1,872,833 1,335,712 537,121 186,064 143,099 42,965 4 Qtr. 1,795,914 1,252,556 543,358 186,549 140,159 46,391

2012 1 Qtr. 1,933,991 1,301,730 632,261 210,680 151,796 58,884 2 Qtr. 1,910,870 1,368,575 542,295 191,073 146,486 44,587 3 Qtr. 2,042,534 1,389,278 653,256 201,523 148,332 53,191 4 Qtr. 1,979,748 1,343,442 636,306 201,785 148,940 52,845

2013 1 Qtr. 2,022,871 1,356,149 666,722 216,218 156,744 59,474 2 Qtr. 1,974,892 1,399,913 574,979 194,526 148,513 46,013 3 Qtr. 2,077,453 1,392,557 684,896 205,127 149,990 55,138 4 Qtr. 1,928,258 1,256,681 671,577 195,832 141,761 54,072

2014 1 Qtr. 2,028,633 1,318,882 709,751 217,477 154,902 62,576 2 Qtr. 2,011,759 1,402,026 609,733 198,049 149,363 48,687 3 Qtr. 2,120,639 1,424,360 696,279 204,784 151,815 52,969 4 Qtr. 2,035,311 1,340,791 694,520 204,713 148,289 56,424

2015 1 Qtr. 2,097,862 1,371,980 725,882 224,128 158,420 65,709 2 Qtr. 2,145,806 1,513,399 632,407 208,378 157,721 50,657 3 Qtr. 2,197,037 1,483,636 713,401 212,094 154,700 57,394 4 Qtr. 2,122,312 1,413,124 709,188 211,299 153,335 57,963

2016 1 Qtr. 2,173,406 1,427,670 745,736 226,150 158,576 67,575 2 Qtr. 2,182,867 1,532,889 649,978 210,576 158,125 52,452 3 Qtr. 2,265,810 1,542,019 723,791 217,543 158,635 58,908 4 Qtr. 2,199,720 1,466,202 733,518 216,446 156,484 59,962

2017 1 Qtr. 2,233,387 1,451,371 782,016 235,110 162,699 72,411 2 Qtr. 2,318,012 1,617,920 700,092 224,262 166,207 58,055 3 Qtr. 2,399,481 1,621,643 777,838 228,534 165,431 63,103 4 Qtr. 2,326,733 1,548,814 777,919 228,427 162,740 65,687

2018 1 Qtr. 2,428,102 1,614,588 813,514 252,318 176,689 75,629 2 Qtr. 2,457,716 1,752,412 705,304 238,325 178,577 59,749 3 Qtr. 2,484,272 1,719,849 764,423 238,258 174,031 64,227 4 Qtr. 2,391,358 1,649,887 741,471 232,703 169,234 63,469

2019 1 Qtr. 2,487,105 1,682,020 805,085 251,520 178,065 73,454 2 Qtr. 2,607,041 1,915,973 691,068 244,561 188,140 56,420 3 Qtr. 2,639,669 1,887,558 752,111 247,924 184,744 63,180 4 Qtr. 2,509,350 1,768,255 741,095 239,040 178,173 60,866

2/ 2020 1 Qtr. 2,095,695 1,483,416 612,279 213,433 157,879 55,554 2/ 2 Qtr. 30,748 29,887 861 9,210 9,112 98 2/ 3 Qtr. 63,775 60,501 3,274 20,259 19,674 585 2/ 4 Qtr. 496,186 488,839 7,347 69,956 68,597 1,359

2/ 2021 1 Qtr. 847,044 839,457 7,587 103,403 101,415 1,987

1/ Staying overnight or longer. 2/ 2020 and 2021 data are preliminary. Source: Hawaii State Department of Business, Economic Development & Tourism and <http://www.hawaii.gov/dbedt/info/visitor-stats/> and Hawaii Tourism Authority, Tourism Research.


http://www.hawaii.gov/dbedt/info/visitor-stats/


Table D-1. VISITOR ARRIVALS AND AVERAGE DAILY VISITOR CENSUS - BY AIR - Con.

Visitor Arrivals 1/ Average Daily Visitor Census

Year Total Domestic International Total Domestic InternationalPercentage Change from the Same Period in Previous Year

1991 -3.1 -5.7 1.7 -4.7 -6.5 0.5 1992 -0.7 -6.8 9.5 3.3 0.9 9.7 1993 -6.2 -5.9 -6.7 -3.1 -5.8 3.1 1994 4.8 6.8 2.0 6.2 7.4 3.5 1995 2.9 -1.8 9.9 0.3 -2.1 5.6 1996 2.7 1.4 4.5 0.8 0.7 0.9 1997 0.6 2.5 -2.0 -0.7 1.5 -5.2 1998 -2.4 3.2 -10.1 0.1 3.7 -7.8 1999 2.2 6.0 -3.7 4.5 5.3 2.5 2000 3.1 4.5 0.7 2.6 4.6 -2.7 2001 -9.3 -5.0 -16.9 -6.2 -4.3 -11.2 2002 1.4 3.2 -2.4 1.2 2.5 -2.4 2003 -0.1 4.0 -8.9 0.5 1.9 -3.8 2004 8.3 8.0 9.2 6.5 7.3 3.9 2005 7.3 8.6 4.2 8.1 9.1 4.9 2006 1.5 4.5 -6.0 2.2 3.6 -2.8 2007 -0.4 0.6 -3.2 0.0 0.9 -3.6 2008 -10.4 -12.2 -5.4 -8.9 -10.4 -3.1 2009 -4.4 -4.7 -3.5 -4.3 -4.5 -3.4 2010 7.7 6.1 12.1 7.8 5.7 15.4 2011 3.7 3.4 4.5 4.4 4.1 5.4 2012 9.7 5.4 20.4 8.3 4.8 19.6 2013 1.7 0.0 5.4 0.8 0.2 2.4 2014 2.4 1.5 4.3 1.6 1.2 2.8 2015 4.5 5.4 2.6 3.7 3.3 5.0 2016 3.0 3.2 2.6 1.7 1.2 3.1 2017 5.2 4.5 6.5 5.2 4.0 8.5 2018 5.2 8.0 -0.4 4.9 6.3 1.5 2019 4.9 7.7 -1.2 2.2 4.4 -3.5 2020 2/ -73.8 -71.6 -79.1 -68.2 -65.1 -77.4

2002 1 Qtr. -10.3 -3.4 -22.1 -8.0 -3.1 -20.3 2 Qtr. -5.4 -1.2 -14.2 -4.0 -1.1 -13.1 3 Qtr. 2.9 7.2 -5.7 3.0 5.3 -3.5 4 Qtr. 24.2 11.5 58.1 17.2 9.9 43.8

2003 1 Qtr. 1.6 0.6 3.8 0.4 -3.0 11.1 2 Qtr. -5.2 4.8 -28.8 -1.6 3.6 -20.0 3 Qtr. 1.5 5.5 -7.6 2.3 4.5 -4.6 4 Qtr. 1.5 4.7 -4.6 0.8 2.6 -4.3

2004 1 Qtr. 4.9 8.5 -2.5 4.9 7.9 -3.0 2 Qtr. 14.1 7.2 38.3 9.4 6.5 22.6 3 Qtr. 7.8 6.8 10.4 5.6 6.2 3.5 4 Qtr. 6.9 9.8 1.0 6.3 8.7 -0.9

2005 1 Qtr. 11.1 12.4 8.2 12.0 14.4 5.0 2 Qtr. 4.3 4.1 4.9 4.7 4.5 5.5 3 Qtr. 7.7 10.2 1.7 8.6 9.8 4.6 4 Qtr. 6.2 7.9 2.3 7.1 7.8 4.8

2006 1 Qtr. 0.9 1.7 -1.0 3.4 2.0 8.1 2 Qtr. 4.4 8.1 -5.7 4.5 7.1 -5.8 3 Qtr. -0.2 3.0 -8.8 -0.3 1.8 -7.5 4 Qtr. 1.2 5.2 -8.3 1.3 3.8 -7.2

2007 1 Qtr. -0.6 1.7 -6.1 -2.7 0.0 -10.9 2 Qtr. -0.5 1.7 -7.2 2.4 2.4 2.4 3 Qtr. 0.5 -0.3 3.1 -0.2 0.2 -1.9 4 Qtr. -1.2 -0.7 -2.7 0.7 1.2 -1.3

2008 1 Qtr. 0.8 1.9 -1.9 1.4 2.2 -1.5 2 Qtr. -10.1 -12.7 -1.4 -9.9 -11.1 -4.2 3 Qtr. -16.6 -19.4 -8.4 -14.3 -17.3 -2.4 4 Qtr. -15.3 -17.5 -9.3 -13.0 -15.1 -5.0

2009 1 Qtr. -14.8 -17.9 -6.4 -13.3 -14.8 -8.1 2 Qtr. -4.4 -1.6 -12.8 -2.8 -2.7 -3.3 3 Qtr. 2.7 4.2 -1.3 1.3 2.8 -3.6 4 Qtr. 0.5 -1.8 6.4 -0.8 -1.7 2.5

2010 1 Qtr. 4.4 1.1 12.4 4.6 0.9 16.8 2 Qtr. 6.4 2.4 20.0 4.6 1.8 16.0 3 Qtr. 8.3 7.8 9.4 10.1 8.4 16.3 4 Qtr. 11.9 13.5 8.2 11.9 11.7 12.7

2011 1 Qtr. 8.7 10.9 4.0 10.8 11.6 8.3 2 Qtr. 1.6 2.9 -2.1 2.8 3.8 -1.0 3 Qtr. 0.9 -1.2 6.2 -0.5 -1.0 1.4 4 Qtr. 4.1 2.2 8.9 4.9 2.7 12.0

2012 1 Qtr. 8.6 4.9 17.1 7.0 3.4 17.7 2 Qtr. 10.8 5.5 27.1 9.8 6.1 24.3 3 Qtr. 9.1 4.0 21.6 8.3 3.7 23.8 4 Qtr. 10.2 7.3 17.1 8.2 6.3 13.9

2013 1 Qtr. 4.6 4.2 5.5 2.6 3.3 1.0 2 Qtr. 3.4 2.3 6.0 1.8 1.4 3.2 3 Qtr. 1.7 0.2 4.8 1.8 1.1 3.7 4 Qtr. -2.6 -6.5 5.5 -3.0 -4.8 2.3

2014 1 Qtr. 0.3 -2.7 6.5 0.6 -1.2 5.2 2 Qtr. 1.9 0.2 6.0 1.8 0.6 5.8 3 Qtr. 2.1 2.3 1.7 -0.2 1.2 -3.9 4 Qtr. 5.6 6.7 3.4 4.5 4.6 4.4

2015 1 Qtr. 3.4 4.0 2.3 3.1 2.3 5.0 2 Qtr. 6.7 7.9 3.7 5.2 5.6 4.0 3 Qtr. 3.6 4.2 2.5 3.6 1.9 8.4 4 Qtr. 4.3 5.4 2.1 3.2 3.4 2.7

2016 1 Qtr. 3.6 4.1 2.7 0.9 0.1 2.8 2 Qtr. 1.7 1.3 2.8 1.1 0.3 3.5 3 Qtr. 3.1 3.9 1.5 2.6 2.5 2.6 4 Qtr. 3.6 3.8 3.4 2.4 2.1 3.4

2017 1 Qtr. 2.8 1.7 4.9 4.0 2.6 7.2 2 Qtr. 6.2 5.5 7.7 6.5 5.1 10.7 3 Qtr. 5.9 5.2 7.5 5.1 4.3 7.1 4 Qtr. 5.8 5.6 6.1 5.5 4.0 9.5

2018 1 Qtr. 8.7 11.2 4.0 7.3 8.6 4.4 2 Qtr. 6.0 8.3 0.7 6.3 7.4 2.9 3 Qtr. 3.5 6.1 -1.7 4.3 5.2 1.8 4 Qtr. 2.8 6.5 -4.7 1.9 4.0 -3.4

2019 1 Qtr. 2.4 4.2 -1.0 -0.3 0.8 -2.9 2 Qtr. 6.1 9.3 -2.0 2.6 5.4 -5.6 3 Qtr. 6.3 9.8 -1.6 4.1 6.2 -1.6 4 Qtr. 4.9 7.2 -0.1 2.7 5.3 -4.1

2/ 2020 1 Qtr. -15.7 -11.8 -23.9 -15.1 -11.3 -24.4 2/ 2 Qtr. -98.8 -98.4 -99.9 -96.2 -95.2 -99.8 2/ 3 Qtr. -97.6 -96.8 -99.6 -91.8 -89.4 -99.1 2/ 4 Qtr. -80.2 -72.4 -99.0 -70.7 -61.5 -97.8

2/ 2021 1 Qtr. -59.6 -43.4 -98.8 -51.6 -35.8 -96.4

1/ Staying overnight or longer. 2/ 2020 and 2021 data are preliminary. Source: Hawaii State Department of Business, Economic Development & Tourism and <http://www.hawaii.gov/dbedt/info/visitor-stats/> and Hawaii Tourism Authority, Tourism Research.


http://www.hawaii.gov/dbedt/info/visitor-stats/


Table D-15. HOTEL OCCUPANCY RATE

Year FirstQuarter

SecondQuarter

ThirdQuarter

FourthQuarter

AnnualAverage

In Percent

1982 79.0 65.9 70.9 66.7 70.4 1983 75.2 68.1 71.7 66.5 69.7 1984 84.0 75.6 74.6 75.1 76.0 1985 88.1 69.1 75.0 72.5 76.1 1986 87.0 78.8 79.9 76.8 81.7 1987 88.0 77.1 82.1 77.8 81.1 1988 81.7 75.1 81.3 75.1 78.5 1989 85.9 73.9 81.0 75.7 79.0 1990 83.9 75.5 81.0 74.3 78.8 1991 68.2 70.7 79.7 72.5 72.4 1992 75.3 68.6 75.5 75.2 72.7 1993 75.3 67.9 73.8 72.5 72.0 1994 80.9 72.7 79.1 74.8 76.5 1995 79.5 70.3 79.2 75.1 75.8 1996 81.9 72.3 77.1 70.0 75.2 1997 79.5 70.8 75.5 69.9 73.9 1998 77.4 68.7 72.9 67.7 71.5 1999 77.0 67.7 75.0 68.7 72.1 2000 79.2 75.2 78.5 73.1 76.0 2001 80.7 70.7 70.3 57.2 69.2 2002 71.7 67.9 72.5 67.1 69.7 2003 74.4 67.1 77.4 71.3 72.6 2004 80.2 75.7 81.5 73.4 77.7 2005 83.8 78.4 84.8 77.2 81.1 2006 83.6 78.2 82.5 74.1 79.5 2007 77.5 72.0 78.6 72.0 75.0 2008 78.7 68.8 70.5 63.8 70.4 2009 66.7 63.7 67.3 63.5 64.8 2010 70.6 67.3 75.2 69.5 70.7 2011 76.6 68.6 76.1 71.9 73.2 2012 80.3 73.8 78.9 74.5 76.9 2013 82.0 74.2 77.8 72.3 76.5 2014 80.8 74.0 78.7 74.7 77.0 2015 80.0 77.7 79.4 77.8 78.7 2016 80.7 77.5 80.5 77.5 79.0 2017 81.4 79.4 81.4 78.6 80.2 2018 83.5 81.1 80.1 76.4 80.3 2019 80.5 80.3 82.8 79.6 80.8

2020 1/ 70.4 12.9 20.7 21.9 37.1 2021 1/ 32.4 (NA) (NA) Year-to-Date 32.4

NA Not available. The 2nd, 3rd, and 4th Quarter averages are computed by Hawaii State Department of Business, Economic Development & Tourism from PKF-Hawaii monthly averages through January 1995 and Hospitality Advisors LLC monthly averages from February 1995. The 1st quarter and Annual are as released or revised by source. 1/ Source revises each month of previous year when current year is released. Source: Hawaii State Department of Business, Economic Development & Tourism, PKF-Hawaii and Hospitality Advisors LLC.

10

20

30

40

50

60

70

80

90

90Q

190

Q4

91Q

392

Q2

93Q

193

Q4

94Q

395

Q2

96Q

196

Q4

97Q

398

Q2

99Q

199

Q4

00Q

301

Q2

02Q

102

Q4

03Q

304

Q2

05Q

105

Q4

06Q

307

Q2

08Q

108

Q4

09Q

310

Q2

11Q

111

Q4

12Q

313

Q2

14Q

114

Q4

15Q

316

Q2

17Q

117

Q4

18Q

319

Q2

20Q

120

Q4

Figure 5. Hotel Occupancy Rate[In percent]



E. CONSTRUCTION

The indicators of Hawaii’s construction industry were mixed in the first quarter of 2021. Private building authorizations increased, but construction jobs, government contracts awarded, and state government CIP expenditures decreased in the quarter.

In the first quarter of 2021, the number of jobs in the construction sector decreased 0.3 percent or 100 jobs compared with the same quarter of 2020. In 2020, the construction sector lost 1,300 jobs or 3.5 percent (Table A-7) from the previous year. Before the recession, specifically the period of 2002 through 2007, construction job growth averaged 8.0 percent per year. In the fourth quarter of 2007, the average number of construction jobs reached a peak of 40,550 jobs, and then declined as the economy entered a recession. From the second quarter of 2008 until the second quarter of 2011 quarter-over-quarter construction job growth was negative in all quarters.

In the first quarter of 2021, private building authorizations in the state increased $17.9 million or 2.3 percent, compared with the first quarter of 2020 (Table E-8). In 2020, private building authorizations in the state decreased $113.0 million or 3.5 percent compared with the previous year.


authorizations in Honolulu increased $52.3 million or 11.9 percent, compared with the first quarter of 2020 (Table E-8). In 2020, private building authorizations in Honolulu decreased $246.6 million or 12.0 percent, compared with the previous year.


authorizations in Hawaii County decreased $0.8 million or 0.5 percent, compared with the first quarter of 2020 (Table E-8). In 2020, private building authorizations in Hawaii County increased $118.8 million or 21.5 percent, compared with the previous year.


authorizations in Maui decreased $42.1 million or 28.9 percent, compared with the first quarter of 2020 (Table E-8). In 2020, private building authorizations in Maui decreased $11.4 million or 2.4 percent compared with the previous year.


authorizations (residential only) in Kauai County

increased $8.4 million or 23.9 percent, compared with the first quarter of 2020 (Table E-8). In 2020, private building authorizations in Kauai County increased $26.2 million or 21.3 percent compared with the previous year.

Government contracts awarded decreased $1,148.8

million or 85.6 percent, from $1,432.3 million in the first quarter of 2020 to $193.5 million in the first quarter of 2021 (Table E-1). In 2020, government contracts awarded increased $2,487.0 million or 418.8 percent, from $593.8 million in 2019 to $3,080.8 million in 2020. In January 2020, the U.S. Navy awarded a 5-year contract of a $990 million awarded to 7 firms, 5 of which were Hawaii firms. No per-firm awards were specified. State government CIP expenditures decreased $58.8 million or 18.5 percent in the first quarter of 2021 compared with the same quarter of 2020. In 2020, state government CIP expenditures increased $22.9 million or 1.6 percent from the previous year (Table E-2).

The Honolulu Construction Cost Index increased 2.6 percent in the first quarter of 2021 compared to the same quarter of 2020 for Single Family Residence (Table E-6) and increased 2.4 percent for High-Rise Building (Table E-7). In 2020, the index for Single Family Residence increased 2.5 percent and 1.7 percent for High-Rise Building as compared to the previous year.

In the first quarter of 2021, Honolulu’s median price for single family resales was $915,000, up $135,000 or 17.3 percent over the same quarter of 2020 (Table E-11). The median price for condominium units was $455,000, up $25,000 or 5.8 percent over the same quarter of 2020 (Table E-12). In the first quarter of 2021, the number of single-family unit resales increased 11.9 percent, and the number of condominium unit resales increased 32.5 percent, compared with the first quarter of 2020 (Tables E-13 and E-14). In 2020, the number of single-family unit resales increased 2.3 percent, and condominium unit resales declined 13.0 percent compared with the previous year.

In the first quarter of 2021, Maui County’s single-

family unit resales median price was $952,000, increased 23.6 percent from the same quarter of 2020. The condominium unit resales median price was $599,000, increased 7.9 percent from the same quarter of 2020 (Tables E-17 and E-18).



Table E-1. ESTIMATED VALUE OF COMPLETED CONSTRUCTION, NEW PRIVATE BUILDING AUTHORIZATIONS, AND GOVERNMENT CONTRACTS AWARDED

Private Building Authorization 4/ Government

Year Contracting tax base 1/

Total Private Authorizations Residential 4/ Commercial &

Industrial 2/Additions & Alterations

Contracts Awarded

In Millions of Dollars

1982 1,294.9 683.1 299.2 242.9 141.1 391.6 1983 1,353.4 685.2 296.2 203.2 185.9 275.0 1984 1,242.9 581.5 327.7 104.0 149.9 388.7 1985 1,367.7 888.9 500.1 208.8 180.1 248.9 1986 1,808.0 1,025.2 455.5 267.4 302.3 422.7 1987 2,003.1 1,161.9 507.0 344.4 310.5 370.9 1988 2,487.6 1,546.5 689.2 541.2 316.1 665.0 1989 3,112.8 1,882.4 910.7 561.8 409.9 725.2 1990 4,003.7 2,101.8 952.3 698.0 451.5 825.5 1991 4,334.1 2,151.8 1,192.0 556.2 403.7 729.4 1992 4,012.7 1,751.9 811.1 532.3 408.5 1,159.1 1993 3,803.6 1,505.4 742.1 308.0 455.3 651.8 1994 3,322.3 1,612.9 849.3 370.3 393.4 693.0 1995 3,133.5 1,531.3 745.5 368.3 417.5 490.2 1996 3,285.1 1,117.8 487.0 252.8 378.0 885.5 1997 2,944.4 1,179.2 542.5 264.5 372.2 615.6 1998 3,016.0 1,054.3 485.5 205.6 363.2 685.1 1999 2,991.2 1,320.2 628.8 306.2 385.3 584.8 2000 3/ 3,613.5 1,512.6 800.1 246.2 466.2 810.9 2001 3,766.4 1,585.7 882.4 329.1 374.2 715.7 2002 4/ 4,275.0 1,772.0 1,112.9 254.2 404.9 768.3 2003 4/ 4,536.3 2,361.2 1,345.1 507.5 508.6 633.4 2004 4/ 4,921.5 2,726.5 1,767.7 303.3 655.6 1,384.6 2005 4/ 6,024.0 3,492.0 2,259.3 433.5 799.1 725.1 2006 4/ 7,223.3 3,770.1 1,811.8 732.0 1,226.2 853.8 2007 4/ 8,072.9 3,585.4 1,855.4 703.9 1,026.2 869.5 2008 4/ 7,987.1 2,906.6 1,381.6 427.1 1,097.9 952.8 2009 4/ 6,641.7 1,998.9 799.2 284.8 914.9 778.6 2010 4/ 5,589.8 1,980.3 779.0 377.5 823.8 1,057.6 2011 4/ 5,837.4 1,858.8 687.9 285.9 884.9 430.7 2012 4/ 7,006.1 2,643.8 837.2 271.1 1,535.5 772.9 2013 4/ 7,330.0 2,720.5 1,025.0 296.5 1,399.0 1,194.2 2014 4/ 7,024.0 3,315.1 985.9 498.5 1,830.6 1,096.6 2015 4/ 8,112.2 3,963.6 1,651.3 702.9 1,609.4 1,554.6 2016 4/ 8,288.2 3,240.6 1,448.0 211.0 1,581.7 1,673.3 2017 4/ 8,384.4 3,127.8 1,504.7 395.9 1,227.3 1,191.6 2018 4/ 9,455.6 3,268.3 1,395.8 402.2 1,470.3 1,948.5 2019 4/ 9,609.3 3,221.4 1,211.6 352.7 1,657.1 593.8 2020 4/ 5/ 9,757.2 3,108.5 1,145.0 478.6 1,484.9 3,080.8

1998 1 Qtr. 757.1 260.4 118.2 50.4 91.9 155.3 2 Qtr. 706.3 246.7 121.3 48.4 76.9 127.5 3 Qtr. 793.6 296.0 123.5 55.1 117.3 218.7 4 Qtr. 759.0 251.3 122.6 51.7 77.0 183.5

1999 1 Qtr. 732.1 342.9 141.6 125.0 76.3 177.3 2 Qtr. 737.0 314.3 153.4 72.3 88.5 104.6 3 Qtr. 758.1 314.0 151.1 63.9 99.0 147.1 4 Qtr. 764.0 349.0 182.6 45.0 121.4 155.8

2000 1 Qtr. 877.6 351.8 203.3 61.3 87.3 217.1 2 Qtr. 869.1 392.9 194.9 72.9 125.1 96.6 3 Qtr. 894.9 377.4 204.1 59.1 114.2 405.1

3/ 4 Qtr. 971.8 390.4 197.9 52.9 139.6 92.1 2001 1 Qtr. 920.5 362.5 186.3 96.6 79.6 178.0

2 Qtr. 918.4 423.6 234.3 77.9 111.5 175.7 3 Qtr. 893.2 421.0 256.3 68.3 96.4 113.1 4 Qtr. 1,034.3 378.6 205.6 86.3 86.7 248.9

2002 4/ 1 Qtr. 913.7 336.3 191.7 47.0 97.6 250.8 4/ 2 Qtr. 1,025.0 437.1 276.9 59.3 100.9 133.6 4/ 3 Qtr. 1,213.7 497.6 346.6 47.2 103.8 255.7 4/ 4 Qtr. 1,122.5 501.1 297.7 100.7 102.6 128.2

2003 4/ 1 Qtr. 1,122.3 655.1 326.0 217.9 111.3 168.3 4/ 2 Qtr. 1,139.3 716.7 398.1 155.3 163.3 86.0 4/ 3 Qtr. 1,179.6 531.0 316.5 87.9 126.6 228.3 4/ 4 Qtr. 1,095.1 458.4 304.6 46.4 107.4 150.8

2004 4/ 1 Qtr. 1,143.3 780.8 542.5 107.4 130.8 256.7 4/ 2 Qtr. 1,126.0 718.9 440.5 50.8 227.6 804.1 4/ 3 Qtr. 1,345.9 597.6 366.0 73.0 158.6 187.2 4/ 4 Qtr. 1,306.3 629.3 418.7 72.1 138.5 136.6

2005 4/ 1 Qtr. 1,440.9 706.5 420.3 48.7 237.6 213.6 4/ 2 Qtr. 1,429.8 728.5 450.7 103.4 174.4 105.5 4/ 3 Qtr. 1,608.1 1,050.5 662.1 220.1 168.4 314.4 4/ 4 Qtr. 1,545.1 1,006.4 726.2 61.4 218.8 91.5

2006 4/ 1 Qtr. 1,714.7 766.2 481.1 61.1 224.0 297.2 4/ 2 Qtr. 1,677.1 908.1 451.6 160.7 295.9 174.4 4/ 3 Qtr. 1,920.2 1,051.5 460.5 206.5 384.5 220.6 4/ 4 Qtr. 1,911.3 1,044.2 418.6 303.8 321.8 161.6

2007 4/ 1 Qtr. 1,991.0 737.1 412.1 59.7 265.3 180.1 4/ 2 Qtr. 2,081.1 1,085.7 668.8 222.6 194.2 317.7 4/ 3 Qtr. 1,924.9 896.3 412.1 144.3 339.9 255.1 4/ 4 Qtr. 2,075.9 866.3 362.3 277.2 226.8 116.5

2008 4/ 1 Qtr. 1,885.1 741.1 353.2 94.0 293.9 196.2 4/ 2 Qtr. 1,977.5 1,048.5 517.4 154.7 376.5 132.8 4/ 3 Qtr. 2,095.9 690.0 346.5 132.3 211.3 351.8 4/ 4 Qtr. 2,028.6 426.8 164.5 46.2 216.2 272.0

2009 4/ 1 Qtr. 1,779.9 542.2 276.3 38.8 227.0 167.2 4/ 2 Qtr. 1,726.6 470.7 160.5 97.3 212.8 197.3 4/ 3 Qtr. 1,580.1 558.8 193.4 56.5 308.9 233.8 4/ 4 Qtr. 1,555.1 427.3 169.0 92.1 166.1 180.4

2010 4/ 1 Qtr. 1,427.0 455.3 235.4 53.1 166.9 83.1 4/ 2 Qtr. 1,301.9 537.3 184.9 123.5 228.9 353.7 4/ 3 Qtr. 1,487.7 552.4 196.3 84.3 271.8 352.6 4/ 4 Qtr. 1,373.2 435.3 162.5 116.6 156.2 268.2

2011 4/ 1 Qtr. 1,382.9 380.9 146.8 48.1 186.1 75.4 4/ 2 Qtr. 1,443.6 438.4 178.4 47.2 212.7 63.0 4/ 3 Qtr. 1,468.2 537.7 206.7 80.2 250.8 124.5 4/ 4 Qtr. 1,542.7 501.8 156.1 110.4 235.3 167.7

2012 4/ 1 Qtr. 1,561.4 556.7 145.3 61.5 349.9 71.4 4/ 2 Qtr. 1,680.8 647.3 246.6 50.6 350.1 280.6 4/ 3 Qtr. 1,858.5 686.6 200.2 75.7 410.7 323.3 4/ 4 Qtr. 1,905.5 753.2 245.1 83.3 424.8 97.5

2013 4/ 1 Qtr. 1,847.6 629.1 289.1 46.9 293.0 228.8 4/ 2 Qtr. 1,935.3 714.0 193.3 145.7 375.1 371.0 4/ 3 Qtr. 1,844.9 688.4 317.4 27.5 343.6 481.4 4/ 4 Qtr. 1,702.1 689.0 225.2 76.5 387.3 113.1

2014 4/ 1 Qtr. 1,732.3 758.4 150.6 94.9 512.9 155.7 4/ 2 Qtr. 1,766.6 806.5 305.6 80.7 420.2 291.3 4/ 3 Qtr. 1,666.4 789.6 230.4 73.8 485.4 394.9 4/ 4 Qtr. 1,858.7 960.6 299.3 249.2 412.1 254.7

2015 4/ 1 Qtr. 1,801.4 1,297.6 482.5 383.6 431.5 225.0 4/ 2 Qtr. 1,995.3 840.4 412.7 113.9 313.7 680.8 4/ 3 Qtr. 2,212.3 892.2 338.3 111.0 442.9 487.1 4/ 4 Qtr. 2,103.3 933.4 417.8 94.4 421.2 161.7

2016 4/ 1 Qtr. 1,745.4 545.6 223.1 30.2 292.3 175.0 4/ 2 Qtr. 2,123.9 960.2 429.6 75.6 455.0 328.9 4/ 3 Qtr. 2,196.4 889.4 429.2 39.3 420.9 913.1 4/ 4 Qtr. 2,222.5 845.6 366.1 65.9 413.5 256.3

2017 4/ 1 Qtr. 2,170.7 919.5 507.4 101.4 310.7 213.8 4/ 2 Qtr. 1,828.3 821.0 359.4 131.4 330.3 236.2 4/ 3 Qtr. 2,206.1 722.4 374.1 85.4 262.9 644.3 4/ 4 Qtr. 2,179.3 664.9 263.8 77.7 323.4 97.3

2018 4/ 1 Qtr. 2,202.6 699.8 382.4 76.1 241.4 532.4 4/ 2 Qtr. 2,326.5 1,108.6 392.0 185.1 531.5 598.4 4/ 3 Qtr. 2,521.5 743.2 365.6 70.3 307.3 394.1

4/ 5/ 4 Qtr. 2,405.1 716.6 255.9 70.7 390.1 423.6 2019 4/ 1 Qtr. 2,349.4 761.0 309.9 46.2 404.9 155.9

4/ 2 Qtr. 2,430.3 809.0 323.2 66.5 419.3 129.1 4/ 3 Qtr. 2,445.2 798.8 267.0 89.9 441.8 165.6 4/ 4 Qtr. 2,384.4 852.7 311.5 150.1 391.1 143.2

2020 4/ 5/ 1 Qtr. 2,467.7 784.8 228.7 120.5 435.7 1,342.3 4/ 2 Qtr. 2,243.7 693.1 310.6 133.8 248.8 582.4 4/ 3 Qtr. 2,647.9 843.2 297.1 129.9 416.3 266.5 4/ 4 Qtr. 2,397.9 787.3 308.6 94.5 384.2 889.5

2021 4/ 1 Qtr. (NA) 802.7 305.4 116.9 380.4 193.5

NA Not available. First Hawaiian Bank has discontinued compiling Government Contracts Awarded. Hawaii State Department of Business, Economic Development & Tourism has compiled preliminary estimates beginning with the fourth quarter 1997 based on data inBuilding Industry. 1/ Formerly, this category was "Value of Construction Completed", subject to revision by Hawaii State Department of Taxation. 2/ Includes hotels. 3/ Kauai County Private Building Authorizations data for November consist of residential data only. 4/ Beginning with 2002 Kauai Private Building Authorizations data available for residential only. 5/ In January 2020, the U.S. Navy awarded a $990 million 5-year contract to 7 firms of which 2 were Hawaii firms. No per-firm awards specified. Source: Hawaii State Department of Taxation; county building departments; U.S. Census Bureau; First Hawaiian Bank; Building Industry .



Table E-1. ESTIMATED VALUE OF COMPLETED CONSTRUCTION, NEW PRIVATE BUILDING AUTHORIZATIONS, AND GOVERNMENT CONTRACTS AWARDED - Con.

Private Building Authorization 4/ Government

Year Contracting tax base 1/

Total Private Authorizations Residential 4/ Commercial &

Industrial 2/Additions & Alterations

Contracts Awarded


1983 4.5 0.3 -1.0 -16.3 31.8 -29.8 1984 -8.2 -15.1 10.6 -48.8 -19.4 41.3 1985 10.0 52.9 52.6 100.8 20.1 -36.0 1986 32.2 15.3 -8.9 28.1 67.9 69.8 1987 10.8 13.3 11.3 28.8 2.7 -12.3 1988 24.2 33.1 35.9 57.1 1.8 79.3 1989 25.1 21.7 32.1 3.8 29.7 9.1 1990 28.6 11.7 4.6 24.2 10.1 13.8 1991 8.3 2.4 25.2 -20.3 -10.6 -11.6 1992 -7.4 -18.6 -32.0 -4.3 1.2 58.9 1993 -5.2 -14.1 -8.5 -42.1 11.5 -43.8 1994 -12.7 7.1 14.4 20.2 -13.6 6.3 1995 -5.7 -5.1 -12.2 -0.5 6.1 -29.3 1996 4.8 -27.0 -34.7 -31.4 -9.5 80.6 1997 -10.4 5.5 11.4 4.6 -1.5 -30.5 1998 2.4 -10.6 -10.5 -22.3 -2.4 11.3 1999 -0.8 25.2 29.5 48.9 6.1 -14.6 2000 3/ 20.8 14.6 27.3 -19.6 21.0 38.7 2001 4.2 4.8 10.3 33.7 -19.7 -11.7 2002 4/ 13.5 11.7 26.1 -22.8 8.2 7.3 2003 4/ 6.1 33.3 20.9 99.7 25.6 -17.6 2004 4/ 8.5 15.5 31.4 -40.2 28.9 118.6 2005 4/ 22.4 28.1 27.8 43.0 21.9 -47.6 2006 4/ 19.9 8.0 -19.8 68.8 53.4 17.8 2007 4/ 11.8 -4.9 2.4 -3.8 -16.3 1.8 2008 4/ -1.1 -18.9 -25.5 -39.3 7.0 9.6 2009 4/ -16.8 -31.2 -42.2 -33.3 -16.7 -18.3 2010 4/ -15.8 -0.9 -2.5 32.5 -10.0 35.8 2011 4/ 4.4 -6.1 -11.7 -24.3 7.4 -59.3 2012 4/ 20.0 42.2 21.7 -5.2 73.5 79.4 2013 4/ 4.6 2.9 22.4 9.4 -8.9 54.5 2014 4/ -4.2 21.9 -3.8 68.1 30.8 -8.2 2015 4/ 15.5 19.6 67.5 41.0 -12.1 41.8 2016 4/ 2.2 -18.2 -12.3 -70.0 -1.7 7.6 2017 4/ 1.2 -3.5 3.9 87.6 -22.4 -28.8 2018 4/ 12.8 4.5 -7.2 1.6 19.8 63.5 2019 4/ 1.6 -1.4 -13.2 -12.3 12.7 -69.5 2020 4/ 1.5 -3.5 -5.5 35.7 -10.4 418.8

1999 1 Qtr. -3.3 31.7 19.8 148.2 -17.0 14.1 2 Qtr. 4.3 27.4 26.5 49.4 15.1 -18.0 3 Qtr. -4.5 6.1 22.4 15.9 -15.6 -32.8 4 Qtr. 0.7 38.9 49.0 -13.1 57.7 -15.1 2000 1 Qtr. 19.9 2.6 43.6 -51.0 14.4 22.4 2 Qtr. 17.9 25.0 27.0 0.8 41.3 -7.6 3 Qtr. 18.0 20.2 35.0 -7.4 15.3 175.4 3/ 4 Qtr. 27.2 11.9 8.4 17.6 15.0 -40.9 2001 1 Qtr. 4.9 3.0 -8.3 57.6 -8.8 -18.0 2 Qtr. 5.7 7.8 20.2 6.8 -10.9 81.9 3 Qtr. -0.2 11.5 25.6 15.5 -15.6 -72.1 4 Qtr. 6.4 -3.0 3.9 63.3 -37.9 170.2

2002 4/ 1 Qtr. -0.7 -7.2 2.9 -51.4 22.6 40.9 4/ 2 Qtr. 11.6 3.2 18.2 -23.8 -9.5 -24.0 4/ 3 Qtr. 35.9 18.2 35.2 -31.0 7.7 126.1 4/ 4 Qtr. 8.5 32.4 44.8 16.7 18.4 -48.5

2003 4/ 1 Qtr. 22.8 94.8 70.0 364.0 14.0 -32.9 4/ 2 Qtr. 11.2 64.0 43.8 161.6 61.9 -35.6 4/ 3 Qtr. -2.8 6.7 -8.7 86.3 22.0 -10.7 4/ 4 Qtr. -2.4 -8.5 2.3 -53.9 4.7 17.6

2004 4/ 1 Qtr. 1.9 19.2 66.4 -50.7 17.6 52.5 4/ 2 Qtr. -1.2 0.3 10.6 -67.3 39.4 835.0 4/ 3 Qtr. 14.1 12.5 15.7 -17.0 25.3 -18.0 4/ 4 Qtr. 19.3 37.3 37.5 55.2 29.0 -9.4

2005 4/ 1 Qtr. 26.0 -9.5 -22.5 -54.7 81.6 -16.8 4/ 2 Qtr. 27.0 1.3 2.3 103.7 -23.4 -86.9 4/ 3 Qtr. 19.5 75.8 80.9 201.6 6.2 68.0 4/ 4 Qtr. 18.3 59.9 73.4 -14.8 57.9 -33.0

2006 4/ 1 Qtr. 19.0 8.5 14.5 25.6 -5.7 39.1 4/ 2 Qtr. 17.3 24.7 0.2 55.4 69.6 65.3 4/ 3 Qtr. 19.4 0.1 -30.4 -6.2 128.4 -29.8 4/ 4 Qtr. 23.7 3.8 -42.3 394.5 47.1 76.6

2007 4/ 1 Qtr. 16.1 -3.8 -14.3 -2.3 18.4 -39.4 4/ 2 Qtr. 24.1 19.6 48.1 38.6 -34.4 82.1 4/ 3 Qtr. 0.2 -14.8 -10.5 -30.1 -11.6 15.7 4/ 4 Qtr. 8.6 -17.0 -13.4 -8.7 -29.5 -27.9

2008 4/ 1 Qtr. -5.3 0.5 -14.3 57.4 10.8 8.9 4/ 2 Qtr. -5.0 -3.4 -22.6 -30.5 93.8 -58.2 4/ 3 Qtr. 8.9 -23.0 -15.9 -8.3 -37.8 37.9 4/ 4 Qtr. -2.3 -50.7 -54.6 -83.3 -4.7 133.4

2009 4/ 1 Qtr. -5.6 -26.8 -21.8 -58.7 -22.8 -14.8 4/ 2 Qtr. -12.7 -55.1 -69.0 -37.1 -43.5 48.5 4/ 3 Qtr. -24.6 -19.0 -44.2 -57.3 46.2 -33.5 4/ 4 Qtr. -23.3 0.1 2.8 99.3 -23.1 -33.7

2010 4/ 1 Qtr. -19.8 -16.0 -14.8 36.7 -26.5 -50.3 4/ 2 Qtr. -24.6 14.2 15.2 26.9 7.6 79.3 4/ 3 Qtr. -5.8 -1.2 1.5 49.1 -12.0 50.8 4/ 4 Qtr. -11.7 1.9 -3.9 26.6 -6.0 48.7

2011 4/ 1 Qtr. -3.1 -16.4 -37.7 -9.5 11.5 -9.2 4/ 2 Qtr. 10.9 -18.4 -3.5 -61.8 -7.1 -82.2 4/ 3 Qtr. -1.3 -2.7 5.3 -4.8 -7.7 -64.7 4/ 4 Qtr. 12.3 15.3 -3.9 -5.3 50.6 -37.4

2012 4/ 1 Qtr. 12.9 46.2 -1.0 27.9 88.1 -5.3 4/ 2 Qtr. 16.4 47.7 38.2 7.2 64.6 345.3 4/ 3 Qtr. 26.6 27.7 -3.1 -5.6 63.8 159.6 4/ 4 Qtr. 23.5 50.1 57.0 -24.6 80.5 -41.9

2013 4/ 1 Qtr. 18.3 13.0 99.0 -23.7 -16.3 220.2 4/ 2 Qtr. 15.1 10.3 -21.6 187.8 7.1 32.2 4/ 3 Qtr. -0.7 0.3 58.6 -63.7 -16.3 48.9 4/ 4 Qtr. -10.7 -8.5 -8.1 -8.2 -8.8 16.0

2014 4/ 1 Qtr. -6.2 20.6 -47.9 102.3 75.0 -31.9 4/ 2 Qtr. -8.7 12.9 58.1 -44.6 12.0 -21.5 4/ 3 Qtr. -9.7 14.7 -27.4 168.5 41.3 -18.0 4/ 4 Qtr. 9.2 39.4 32.9 225.8 6.4 125.2

2015 4/ 1 Qtr. 4.0 71.1 220.3 304.3 -15.9 44.5 4/ 2 Qtr. 12.9 4.2 35.1 41.2 -25.3 133.7 4/ 3 Qtr. 32.8 13.0 46.8 50.3 -8.8 23.4 4/ 4 Qtr. 13.2 -2.8 39.6 -62.1 2.2 -36.5

2016 4/ 1 Qtr. -3.1 -58.0 -53.8 -92.1 -32.3 -22.2 4/ 2 Qtr. 6.4 14.3 4.1 -33.7 45.0 -51.7

4/ 3 Qtr. -0.7 -0.3 26.9 -64.6 -5.0 87.5 4/ 4 Qtr. 5.7 -9.4 -12.4 -30.1 -1.8 58.5

2017 4/ 1 Qtr. 24.4 68.5 127.5 236.0 6.3 22.1 4/ 2 Qtr. -13.9 -14.5 -16.3 73.8 -27.4 -28.2

4/ 3 Qtr. 0.4 -18.8 -12.9 117.5 -37.5 -29.4 4/ 4 Qtr. -1.9 -21.4 -27.9 17.8 -21.8 -62.0

2018 4/ 1 Qtr. 1.5 -23.9 -24.6 -25.0 -22.3 149.1 4/ 2 Qtr. 27.2 35.0 9.1 40.9 60.9 153.3

4/ 3 Qtr. 14.3 2.9 -2.3 -17.6 16.9 -38.8 4/ 5/ 4 Qtr. 10.4 7.8 -3.0 -9.1 20.6 335.2

2019 4/ 1 Qtr. 6.7 8.7 -19.0 -39.3 67.8 -70.7 4/ 2 Qtr. 4.5 -27.0 -17.5 -64.1 -21.1 -78.4

4/ 3 Qtr. -3.0 7.5 -27.0 27.9 43.8 -58.0 4/ 4 Qtr. -0.9 19.0 21.7 112.5 0.3 -66.2

2020 4/ 5/ 1 Qtr. 5.0 3.1 -26.2 160.9 7.6 760.8 4/ 2 Qtr. -7.7 -14.3 -3.9 101.2 -40.7 351.2

4/ 3 Qtr. 8.3 5.6 11.3 44.4 -5.8 61.0 4/ 4 Qtr. 0.6 -7.7 -0.9 -37.1 -1.8 521.3

2021 4/ 5/ 1 Qtr. (NA) 2.3 33.5 -2.9 -12.7 -85.6

NA Not available. First Hawaiian Bank has discontinued compiling Government Contracts Awarded. Hawaii State Department of Business, Economic Development & Tourism has compiled preliminary estimates beginning with the fourth quarter 1997 based on data in Building Industry. 1/ Formerly, this category was "Value of Construction Completed", subject to revision by Hawaii State Department of Taxation. 2/ Includes hotels. 3/ Kauai data for November consist of residential data only. 4/ Beginning in 2002 Kauai data available for residential only. 5/ In January 2020, the U.S. Navy awarded a $990 million 5-year contract to 7 firms of which 2 were Hawaii firms. No per-firm awards specified. Source: Hawaii State Department of Taxation; county building departments; U.S. Census Bureau; First Hawaiian Bank; Building Industry .



F. OTHER INDICATORS

The total number of bankruptcy filings in Hawaii declined 19.1 percent or by 78 cases for the first quarter of 2021, from the same quarter of 2020. In 2020, total filings declined 8.1 percent or 138 cases from the previous year.

The number of Chapter 7 filings, the largest

category, decreased 13.1 percent or 38 cases in the first quarter of 2021. Chapter 7 filings are intended to liquidate assets and discharge debt. In 2020, Chapter 7 filings increased 1.8 percent or 21 cases from the previous year.

Chapter 11 filings increased from 1 to 8 case in the first quarter of 2021 compared with the first quarter of 2020. In 2020, Chapter 11 filings declined to 7 cases from 13 cases in the previous

year. Chapter 11 filings involve the structuring of repayment plans for companies.

Chapter 13 filings declined 38.0 percent or 46

cases in the first quarter of 2021, from the same quarter of 2020. In 2020, Chapter 13 filings declined 29.1 percent or 154 cases from the same period of the previous year. Chapter 13 bankruptcy allows debtors to work out repayment arrangements with creditors.

For quarterly bankruptcy statistics, see: http://www.uscourts.gov/bnkrpctystats/statistics.htm.

For District of Hawaii monthly statistics, see:

http://www.hib.uscourts.gov/stats/index_stats.html

Total Bankruptcy Filings (Chapters 7, 11, 12, and 13)


http://www.uscourts.gov/bnkrpctystats/statistics.htm

http://www.hib.uscourts.gov/stats/index_stats.html


Documents

QUARTERLY STATISTICAL & ECONOMIC REPORT, Executive …